According to the British "Financial Times" website reported on July 25, the acquisition amount of 2.6 billion US dollars, postponed the announcement of the acquisition news at a time when the global government to strengthen control of foreign companies investing in the domestic sensitive technology industry, some countries specifically targeted Chinese state-owned investors.
According to the report, two people familiar with the matter said that Ziguang Group signed an agreement to acquire Linxens more than a month ago. It is not common to postpone the announcement of the acquisition. Most large-value agreements are announced after the parties sign the final agreement.
A private equity insider said that similar postponement of the acquisition of information is 'very rare', 'the merger of one company with another is a big news for both parties. They want employees and suppliers to know, want to send to the market Information, I hope that the world knows that the acquired company has become a part of itself'.
Reuters had previously reported that the acquisition is still awaiting regulatory approval.
The report said that Ziguang Group and Linxens did not respond to this. CVC refused to respond.
Ziguang Group is mainly owned by Beijing Tsinghua University and is regarded as China's largest government chip fund. In 2015, the company's executives said that it is considering the acquisition of US Micron Technology Inc. for US$23 billion, which has aroused global attention, but this agreement unacommpolished.
Linxens designs and manufactures chips for the fast-growing security and identity market. The group's products can be used in smartphones, transportation cards, ID cards, passports, contact and contactless transactions, and biometrics. The Linxens website shows that the company is open annually. It has an amount of 500 million euros, 3,000 employees worldwide and 200 customers worldwide.