Tsinghua Unigroup Contemplates Selling Part or All of 39% Stake in Unisoc, in Talks With Shanghai SOE as Potential Buyer

Request A Trial Sign In Tsinghua Unigroup Tsinghua Unigroup Contemplates Selling Part or All of 39% Stake in Unisoc, in Talks With Shanghai SOE as Potential Buyer Tue 03/23/2021 05:27 AM Tsinghua Unigroup has been contemplating selling part or all of its roughly 39% indirectly held stake in subsidiary Unisoc (Shanghai) Technologies Co., according to four sources familiar with the matter. A state-owned enterprise backed by the Shanghai municipal government has been in talks with Unigroup as a potential purchaser, though the parties have yet to sign any definitive agreement, according to two of the sources. Although it remains unclear…