Tsinghua Unigroup Ltd to buy stake in Powertech Technology

Q.  Which Chinese technology conglomerate is purchasing a 25% stake in Powertech Technology?
- Published on 02 Nov 15

a. Baidu
b. Tsinghua
c. Hwuawei
d. Xiaomi

ANSWER: Tsinghua
 
Chinese state backed technology group Tsinghua Unigroup Ltd will be purchasing a 25% stake in Powertech Technology for USD 600 million and is the largest shareholder in the chip packaging and testing industry in Taiwan. Alliance will boost the development of the fledgling chip industry in China. Tsinghua Unigroup will pay USD 2.31 per share in a private placement of new Powertech shares to garner 25% ownership of the firm.

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