Deal Type: Acquisition
Deal Sub Type: 100% Acquisition
Deal Status: Announced
Deal Value: 99.0076 Million USD
Deal in Brief
Dingli Corp., Ltd., a Chinese provider of mobile network testing equipment and network engineering services, has agreed to acquire 100% stake in ESIM Technology Limited, a Hong Kong based technology company, for a deal value of CNY666 million (USD99 million) to be paid in cash and stock consideration, from Wang Liping, Wang Junfeng, Su Aimin and Shanghai trillion core investment center.
Under the terms of consideration, Dingli will pay CNY199.80 million (USD29.80 million) in cash and will issue 37,871,649 shares at a price of CNY12.31 (USD1.83) per share, for a total value of CNY466.2 million (USD69.30 million).
China Securities Co., Ltd. will act as independent financial advisor to Dingli.
In addition, Dingli will raise CNY459.99 million (USD68.48 million) in private placement of 36,135,113 common shares.
Index - Hong Kong Special Administrative Region of China
Index - Semiconductor Equipment and Products
Index - Application Development
Index - Wireless Networking
Index - WiFi
Index - Telecom Services
(c) 2016 World Market Intelligence. All rights reserved. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. World Market Intelligence shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon., source WMI Deals