Beiling Microelectronics declared bankruptcy, business restructuring or will start rapidly

Set micro-grid news, Shanghai Belling announced tonight, a wholly owned subsidiary of Shanghai Belling Microelectronics Manufacturing Co., Ltd. pre-Xuhui District People's Court filed for bankruptcy liquidation and accepted, Beiling recently received the Shanghai Xuhui District People's Court The "Civil Ruling" ruled that the bankruptcy of Shanghai Belling Microelectronics Manufacturing Co., Ltd. Came into effect.

Shanghai Belling Co., Ltd. formerly known as Shanghai Belling Microelectronics Manufacturing Co., Ltd., established in 1988 by Shanghai Instrument Bureau and Shanghai Bell Corporation, is the first Sino-foreign joint venture in China's IC industry. After the company changed its name to Shanghai Belling Co., Ltd., which is the first listed company in the domestic IC industry, the State Beilian stock held by Shanghai Yidian Holding Co., Ltd. was allocated to Shanghai Huahong (Group) Co., Ltd. in 1999 Huahong Group became the largest shareholder of the company.

In 2009, CEC (China Electronics and Information Industry Group Co., Ltd.) became the largest shareholder of the Company after Huahong Group reorganized in a separate way.

At present, Shanghai Belling owns rich products in the fields of communications, power metering, power management, discrete devices, RFID chips, cell phone peripheral circuits and MCUs. The main focus is on smart metering, general analog and power management.

Due to the decline in smart metering business, prompting Beiling to rival Ruijinwei issued a tender offer.According to Ruijin Microelectronics 2016 Annual Report, the company achieved operating income of 121 million yuan during the reporting period, net profit of 27.5954 million yuan this The total assets of the period end of 168 million yuan, net assets of 145 million yuan .9 September 29, Shanghai Belling announcement that about the issue of shares and cash to buy assets and raise matching funds approved by the Commission approved the same time, Shanghai Belling Issued a reorganization report (Revised), the company intends to issue shares by way of cash payment and buy 10 Crane Micro, Chery and other Micro-micro 100% stake in Shanghai Belling intends to issue shares by way of cash and purchase Rui Neng micro-micro-shareholders can hold 100% stake, the subject of a price of 590 million yuan assets.

Shanghai Belling said that after the acquisition of Ricoh Micro, the product layout, application programs, research and development and design aspects can form a significant complementary advantages, is conducive to make up for the short board in the field of smart metering products, in particular, to make up for high-end chip products The establishment of listed companies in the field of smart metering leading position; help enrich the product structure so that listed companies will further strengthen the ability to provide customers with total meter solutions; help to further enhance the company to the field of industrial control capabilities, Help the company's products from consumer to industrial gradually expanded.

The Shanghai Belling Micro announced bankruptcy, indicating that the new business restructuring will be expanded rapidly.

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