China International Development Corporation Ltd. Enters MOU to Acquire Power Semiconductor Firm for Up to HK$9 Billion

Reuters11-21

China International Development Corporation Ltd. Enters MOU to Acquire Power Semiconductor Firm for Up to HK$9 Billion

China International Development Corporation Ltd. has entered into a non-legally binding memorandum of understanding with Xu Xichang regarding a potential acquisition involving a leading power semiconductor devices and system solutions provider in Shaanxi Province, China. The target company is recognized as a Specialized, Refined, Unique and Innovative "Little Giant" Enterprise by the Ministry of Industry and Information Technology of China. The expected maximum consideration for the proposed transaction ranges from HK$4.5 billion to HK$9 billion, with the final terms subject to a formal agreement. The parties involved in the potential deal are independent and not connected to the company. Negotiations are ongoing and no binding agreement has been signed at this stage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China International Development Corporation Ltd. published the original content used to generate this news brief on November 21, 2025, and is solely responsible for the information contained therein.

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