April 15, 2018 / 12:25 PM / 8 months ago

BRIEF-GigaDevice Semiconductor's 2017 Net Profit Up, Plans Acquisition

April 15 (Reuters) - GigaDevice Semiconductor Beijing Inc :

* SAYS 2017 NET PROFIT UP 125.26 PERCENT Y/Y AT 397.42 MILLION YUAN ($63.36 million)

* SAYS IT PLANS TO BUY SHANGHAI’S SILEAD INC FOR 1.7 BILLION YUAN VIA CASH, SHARE ISSUE

* SAYS IT PLANS TO RAISE UP TO 1.08 BILLION YUAN IN SHARE PRIVATE PLACEMENT TO FUND ACQUISITION, PROJECTS Source text in Chinese: bit.ly/2qxZBZP; bit.ly/2GZS1Bt Further company coverage: ($1 = 6.2725 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below