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TMCNet:  Datang Telecom Technology plans to acquire Yousi Electronics

[April 12, 2012]

Datang Telecom Technology plans to acquire Yousi Electronics

Apr 12, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- According to Shanghai Securities News, Datang Telecom Technology Co., Ltd. (DTT) is planning to fully acquire Qidong Yousi Electronics Co., Ltd., a manufacturer of SOHO-level WiFi router products. Both the companies are based in China.

DTT is engaged in businesses of microelectronics, software, communication access, communication terminals, and communication application and service.

Concurrently, DTT is also planning to acquire an additional 49% stake in Uniscope Technologies (Shanghai) Co., Ltd. and a 99.36% stake in Leadcore Technology Co., Ltd. The value of the assets to be acquired was estimated to approximately CNY1,910 million ($302.33 million).

Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2012-04-11 Deal Participants Target (Company) Qidong Yousi Electronics Co., Ltd.

Acquirer (Company) Datang Telecom Technology Co., Ltd.

% Acquisition 100%

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