White knight for Chinese chip maker Tsinghua Unigroup completes deal payment after missing earlier deadline

//White knight for Chinese chip maker Tsinghua Unigroup completes deal payment after missing earlier deadline

White knight for Chinese chip maker Tsinghua Unigroup completes deal payment after missing earlier deadline

The winning bidder for beleaguered Chinese chip maker Tsinghua Unigroup has finally completed a 60 billion yuan (US$9.4 billion) takeover payment after missing an earlier deadline, people familiar with the matter said. Unigroup’s administrators sent a notice to creditors late Friday that the JAC Capital-led consortium made full payment of the promised funds, the people said, asking not to be identified because the information is private. The investor group had initially missed a March 31…

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By | 2022-04-02T02:00:37+00:00 April 2nd, 2022|Technology|Comments Off on White knight for Chinese chip maker Tsinghua Unigroup completes deal payment after missing earlier deadline