Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion

Reuters11-21

Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion

Nov 21 (Reuters) - Leather goods maker China International Development Corp 0264.HK said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion).

The company said it has signed an agreement with Lonten's largest shareholder and chairman Xu Xichang, who owns a 24.81% stake and will engage with the remaining shareholders to facilitate the deal.

China International Development said it expects the proposed transaction to be worth around HK$4.5 billion to HK$9 billion, which it will finance through cash, share issuance or a combination of both.

Under the agreement, China International Development has secured the right to assess and review the records of the power semiconductor devices maker during a three-month exclusivity period.

Principally engaged in leather products, China International Development is also involved in the automobile segment and has been seeking to expand its business in the semiconductor industry in China.

($1 = 7.7860 Hong Kong dollars)

(Reporting by Nichiket Sunil in Bengaluru; Editing by Tasim Zahid)

((Nichiket.Sunil@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2585781143?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-21 21:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2585781143","market":"fut","top_or_hot":-1,"title":"Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion</title></head><body><p><span>Nov 21 (Reuters)</span><span> - </span><span>Leather goods maker China International Development Corp <span>0264.HK</span> said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion).</span></p><p>The company said it has signed an agreement with Lonten's largest shareholder and chairman Xu Xichang, who owns a 24.81% stake <span>and will engage with the remaining shareholders to facilitate the deal.</span></p><p><span>China International Development said it expects the proposed transaction to be worth around HK$4.5 billion to HK$9 billion, which it will finance through cash, share issuance or a combination of both.</span></p><p>Under the agreement, China International Development has secured the right to assess and review the records of the power semiconductor devices maker during a three-month exclusivity period.</p><p>Principally engaged in leather products, China International Development is also involved in the automobile segment and has been seeking to expand its business in the semiconductor industry in China.</p><p>($1 = 7.7860 Hong Kong dollars)</p><p> (Reporting by Nichiket Sunil in Bengaluru; Editing by Tasim Zahid)</p><p> ((Nichiket.Sunil@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-11-21 21:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billion</title></head><body><p><span>Nov 21 (Reuters)</span><span> - </span><span>Leather goods maker China International Development Corp <span>0264.HK</span> said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion).</span></p><p>The company said it has signed an agreement with Lonten's largest shareholder and chairman Xu Xichang, who owns a 24.81% stake <span>and will engage with the remaining shareholders to facilitate the deal.</span></p><p><span>China International Development said it expects the proposed transaction to be worth around HK$4.5 billion to HK$9 billion, which it will finance through cash, share issuance or a combination of both.</span></p><p>Under the agreement, China International Development has secured the right to assess and review the records of the power semiconductor devices maker during a three-month exclusivity period.</p><p>Principally engaged in leather products, China International Development is also involved in the automobile segment and has been seeking to expand its business in the semiconductor industry in China.</p><p>($1 = 7.7860 Hong Kong dollars)</p><p> (Reporting by Nichiket Sunil in Bengaluru; Editing by Tasim Zahid)</p><p> ((Nichiket.Sunil@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00264","symbol_name":"中联发展控股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251121:nL6N3WX0QE:1","article_id":"2585781143","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2585781143","pubTimestamp":1763730666,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billionNov 21  - Leather goods maker China International Development Corp 0264.HK said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion .The company said it has signed an agreement with Lonten's largest shareholder and chairman Xu Xichang, who owns a 24.81% stake and will engage with the remaining shareholders to facilitate the deal.China International Development said it expects the proposed transaction to be worth around HK$4.5 billion to HK$9 billion, which it will finance through cash, share issuance or a combination of both.Under the agreement, China International Development has secured the right to assess and review the records of the power semiconductor devices maker during a three-month exclusivity period.Principally engaged in leather products, China International Development is also involved in the automobile segment and has been seeking to expand its ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00264":"中联发展控股","BK1227":"服装、服饰与奢侈品"},"translate_title":"中国皮具制造商探索以高达12亿美元收购半导体公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00264":0.9},"content_text":"Chinese leather goods maker explores semiconductor firm buyout for up to $1.2 billionNov 21 (Reuters) - Leather goods maker China International Development Corp 0264.HK said on Friday it is exploring the acquisition of Lonten Semiconductor Co Ltd for up to HK$9 billion ($1.16 billion).The company said it has signed an agreement with Lonten's largest shareholder and chairman Xu Xichang, who owns a 24.81% stake and will engage with the remaining shareholders to facilitate the deal.China International Development said it expects the proposed transaction to be worth around HK$4.5 billion to HK$9 billion, which it will finance through cash, share issuance or a combination of both.Under the agreement, China International Development has secured the right to assess and review the records of the power semiconductor devices maker during a three-month exclusivity period.Principally engaged in leather products, China International Development is also involved in the automobile segment and has been seeking to expand its business in the semiconductor industry in China.($1 = 7.7860 Hong Kong dollars) (Reporting by Nichiket Sunil in Bengaluru; Editing by Tasim Zahid) ((Nichiket.Sunil@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2585781143","isCrawlerRequest":true}