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SHANGHAI: Tsinghua Unigroup<\/a> Chairman Zhao Weiguo<\/a> opposes the pending investment into the company from Jianguang Asset Management (JAC Capital) and Wise Road Capital<\/a>, China<\/a>'s National Business Daily reported late on Wednesday, citing a memo from Zhao<\/a>'s investment fund.

Zhao's opposition to the deal marks a potential further hurdle for the sale and restructuring of
Unigroup<\/a>, a conglomerate once poised to be a key Chinese semiconductor company.

Unigroup said last Friday that JAC and Wise Road Capital would become its strategic investor. The deal has yet to receive final approval from authorities. State media have reported that JAC and Wise Road will invest 60 billion yuan ($9.4 billion) in cash as part of its investment in Unigroup.

According to the memo cited by the newspaper, Zhao alleged that JAC and Wise Road's plan to save the debt-ridden Unigroup would result in losses of 74.3 billion yuan in state assets. He also argued that the terms of the investment undervalue certain assets of Unigroup, such as memory chip maker Yangtze Memory Technologies Corp.

Wise Road Capital and JAC did not immediately respond to a request for comment sent on Thursday. A Unigroup spokesperson declined to comment.

Under Zhao's leadership, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.

Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.

Zhao's holding firm
Beijing Jiankun<\/a> holds a 49% stake in the Tsinghua Unigroup, with the remainder held by China's elite Tsinghua University.

After the company defaulted on its bonds in November 2020, Beijing's State Council appointed a working group to assume leadership of the company, as summarized in Zhao's memo.

Zhao's opposition could further complicate the deal to find new ownership for Unigroup, which owns H3C, a maker of parts for data centres, and Unisoc, a maker of processors for smartphones and other hardware
devices<\/a>.

JAC Capital and Wise Road, two closely linked private equity firms indirectly owned by China's State Council, were in competition against Chinese tech giant Alibaba Group Holding Ltd to purchase Unigroup, according to sources.

<\/body>","next_sibling":[{"msid":88319287,"title":"Russia fines Facebook owner Meta Platforms 13 million roubles","entity_type":"ARTICLE","link":"\/news\/russia-fines-facebook-owner-meta-platforms-13-million-roubles\/88319287","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":88319568,"entity_type":"ARTICLE","title":"China's Tsinghua Unigroup chairman opposes restructuring deal: Newspaper","synopsis":"Unigroup said last Friday that JAC and Wise Road Capital would become its strategic investor. The deal has yet to receive final approval from authorities. State media have reported that JAC and Wise Road will invest 60 billion yuan ($9.4 billion) in cash as part of its investment in Unigroup.","titleseo":"telecomnews\/chinas-tsinghua-unigroup-chairman-opposes-restructuring-deal-newspaper","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2021-12-16 16:35:57","lastupd":"2021-12-16 17:28:03","breadcrumbTags":["tsinghua unigroup","unigroup","zhao","zhao weiguo","beijing jiankun","wise road capital","china","devices"],"secinfo":{"seolocation":"telecomnews\/chinas-tsinghua-unigroup-chairman-opposes-restructuring-deal-newspaper"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-12-16" data-index="article_1">

中国的清华Unigroup主席反对重组交易:报纸乐动扑克

Unigroup上周五表示,江淮和明智的道路资本将成为其战略投资者。这笔交易尚未获得当局的最终批准。据官方媒体报道,江淮和明智的道路将投资600亿元人民币(合94亿美元)的现金在Unigroup作为其投资的一部分。

  • 2021年12月16日更新是05:28点

上海:清华Unigroup主席赵上海市高级人民法院反对等待Jianguang资产管理投资公司(江淮资本)明智的道路资本,中国每日经济新闻》周三晚间报道,援引一份备忘录的投资基金。

赵反对这笔交易标志着潜在的进一步销售和重组的障碍Unigroup集团一旦中国半导体公司将是一个关键。

Unigroup上周五表示,江淮和明智的道路资本将成为其战略投资者。这笔交易尚未获得当局的最终批准。据官方媒体报道,江淮和明智的道路将投资600亿元人民币(合94亿美元)的现金在Unigroup作为其投资的一部分。

广告
根据报纸援引的备忘录,赵称江淮和智慧道路的计划挽救负债累累的Unigr乐动扑克oup将导致743亿元国有资产的损失。他还认为,投资的条款Unigroup低估某些资产,如内存芯片制造商长江内存技术集团。

智慧资本和江淮路没有立即回复记者的置评请求周四发送。Unigroup发言人拒绝置评。

在赵的领导下,Unigroup积极地投资于各种芯片公司,配合政府推动促进中国半导体行业的发展。

但是很少的投资成功,导致公司交互不履行在岸和离岸债券价值约36亿美元到2020年底。第二年,它收到了法院命令要求重组。

赵的控股公司北京Jiankun清华Unigroup持有49%的股份,其余部分由中国的清华大学。

此前该公司拖欠债券2020年11月,中国国务院任命了一个工作组承担领导的公司,总结了赵的备忘录。

赵的反对,该交易可能会进一步复杂化Unigroup找到新的所有权,拥有H3C零部件制造商数据中心,制造商和Unisoc处理器智能手机和其他硬件设备

广告
江淮资本和明智的道路,两个密切联系的私人股本公司间接持有中国国务院,在竞争对中国科技巨头阿里巴巴集团(Alibaba Group Holding Ltd .)购买Unigroup,消息人士称。

  • 发布于2021年12月16日04:35点坚持
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<\/span><\/figcaption><\/figure>
SHANGHAI: Tsinghua Unigroup<\/a> Chairman Zhao Weiguo<\/a> opposes the pending investment into the company from Jianguang Asset Management (JAC Capital) and Wise Road Capital<\/a>, China<\/a>'s National Business Daily reported late on Wednesday, citing a memo from Zhao<\/a>'s investment fund.

Zhao's opposition to the deal marks a potential further hurdle for the sale and restructuring of
Unigroup<\/a>, a conglomerate once poised to be a key Chinese semiconductor company.

Unigroup said last Friday that JAC and Wise Road Capital would become its strategic investor. The deal has yet to receive final approval from authorities. State media have reported that JAC and Wise Road will invest 60 billion yuan ($9.4 billion) in cash as part of its investment in Unigroup.

According to the memo cited by the newspaper, Zhao alleged that JAC and Wise Road's plan to save the debt-ridden Unigroup would result in losses of 74.3 billion yuan in state assets. He also argued that the terms of the investment undervalue certain assets of Unigroup, such as memory chip maker Yangtze Memory Technologies Corp.

Wise Road Capital and JAC did not immediately respond to a request for comment sent on Thursday. A Unigroup spokesperson declined to comment.

Under Zhao's leadership, Unigroup invested aggressively in various chip companies, in tandem with a government push to boost China's semiconductor industry.

Yet few of those bets turned out successful, which caused the company to cross-default on onshore and offshore bonds worth about $3.6 billion by the end of 2020. The following year it received a court order calling for its restructuring.

Zhao's holding firm
Beijing Jiankun<\/a> holds a 49% stake in the Tsinghua Unigroup, with the remainder held by China's elite Tsinghua University.

After the company defaulted on its bonds in November 2020, Beijing's State Council appointed a working group to assume leadership of the company, as summarized in Zhao's memo.

Zhao's opposition could further complicate the deal to find new ownership for Unigroup, which owns H3C, a maker of parts for data centres, and Unisoc, a maker of processors for smartphones and other hardware
devices<\/a>.

JAC Capital and Wise Road, two closely linked private equity firms indirectly owned by China's State Council, were in competition against Chinese tech giant Alibaba Group Holding Ltd to purchase Unigroup, according to sources.

<\/body>","next_sibling":[{"msid":88319287,"title":"Russia fines Facebook owner Meta Platforms 13 million roubles","entity_type":"ARTICLE","link":"\/news\/russia-fines-facebook-owner-meta-platforms-13-million-roubles\/88319287","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":88319568,"entity_type":"ARTICLE","title":"China's Tsinghua Unigroup chairman opposes restructuring deal: Newspaper","synopsis":"Unigroup said last Friday that JAC and Wise Road Capital would become its strategic investor. The deal has yet to receive final approval from authorities. State media have reported that JAC and Wise Road will invest 60 billion yuan ($9.4 billion) in cash as part of its investment in Unigroup.","titleseo":"telecomnews\/chinas-tsinghua-unigroup-chairman-opposes-restructuring-deal-newspaper","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2021-12-16 16:35:57","lastupd":"2021-12-16 17:28:03","breadcrumbTags":["tsinghua unigroup","unigroup","zhao","zhao weiguo","beijing jiankun","wise road capital","china","devices"],"secinfo":{"seolocation":"telecomnews\/chinas-tsinghua-unigroup-chairman-opposes-restructuring-deal-newspaper"}}" data-news_link="//www.iser-br.com/news/chinas-tsinghua-unigroup-chairman-opposes-restructuring-deal-newspaper/88319568">