Huiding Technologies acquired NZP VAS business layout audio market for US$165 million

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Sina Finance and Economics News, August 16, Shenzhen Huiding Technology Co., Ltd. (hereinafter referred to as “Huiding Technology”) announced after today’s trading that it intends to purchase voice and audio application solution business (hereinafter referred to as “VAS business”) of Netherlands Enzhipu Company by cash payment, and the total transaction is on the right side. The price is $165 million.
According to the announcement, the mode of this transaction is that Huiding Technology (Hong Kong) Co., Ltd. sets up Sun Company in some countries where Enzhipu VAS business is located, and undertakes fixed assets, inventory, proprietary technology and intellectual property rights related to VAS business together with Huiding Technology and its existing subsidiaries, as well as ongoing contracts. And the contractual relationships and appointees included in the target assets.
The target of this transaction is the exclusive asset package of EnZhiPu’s VAS business. The assets are distributed in its subsidiaries all over the world. Therefore, the trading subjects related to this transaction include the subsidiaries of EnZhiPu which own the VAS business assets. The specific subsidiaries need to be determined by both sides when delivering assets.
NZP is a semiconductor company that provides high performance hybrid signal solutions for global RF, analog, power management, interface, security and digital processing products. Its VAS business solutions are mainly used in smartphones, smart wear, IoT and other fields. The main customers are well-known Android mobile phone manufacturers at home and abroad.
Huiding Technologies said that the acquisition is based on the company strategy of expanding the technology research field and product application market, focusing on providing more users with wider application coverage of advanced technology, products and application solutions in mobile terminals, IoT and automotive fields.
“This acquisition is a strategic step in the future industrial layout of Huiding Science and Technology.” Zhang Fan, chairman of Huiding Technologies, believes that the addition of VAS will broaden the application scope of Huiding Technologies’existing intelligent terminals and IoT product lines, significantly enhance our R&D capabilities in intelligent audio applications such as smart wearing devices, provide customers with more innovative product portfolios, and inject new innovations into the company’s strategic development. Kinetic energy.
It is understood that Huiding Technologies has been deliberated and approved at the ninth meeting of the third board of directors of the company. As the transaction amount does not reach 50% of the company’s latest audited net assets, it does not need to be considered by the shareholders’meeting of the company. However, the project still needs to be approved by the competent authorities both at home and abroad, and there are some uncertainties. (Sina Financial Meteor)