jiangsu zongyi co ltd-a
Transactions by JIANGSU ZONGYI CO LTD-A (600770) in the last 6 months
Zhonghan (John) Deng, founder, chairman and chief executive officer of Vimicro International and Zhaowei (Kevin) Jin, co-chief executive officer and a board member of Vimicro International made a bid to acquire remaining 77.76% stake in Vimicro International Corp. (NasdaqGM:VIMC) from Jiangsu Zongyi Co. Ltd. (SHSE:600770), Nantong Zongyi Investment Co., Ltd. and others for approximately $300 million in cash on June 21, 2015. As part of consideration, Zhonghan (John) ...
Nantong Zongyi Investment Co., Ltd.
Duff & Phelps, LLC
Vimicro International Corp. (NasdaqGM:VIMC) announced that it has entered into a stock purchase agreement for a private placement of 20,000,000 common shares at $2.50 per share with new investor, Jiangsu Zongyi Co. Ltd. for gross proceeds of $50,000,000 on February 5, 2015. The investor will acquire 16.3% stake in the company through this transaction. The shares to be issued in the transaction will be subject to a one year lock up period. The transaction is subject to ...
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