Completed Commercial AidData Chinese Aid

China Merchants Bank provides RMB 1.8 billion loan to Tianshui Huatian Technology for its acquisition of Malaysian semiconductor company Unisem

¥1.8M RMB

Funder	China Merchants Bank Co., Ltd.
Recipient Organization	Tianshui Huatian Technology Co., Ltd.
Country	Malaysia
Start Date	Jan 01, 2018
End Date	Aug 14, 2026
Duration	3,147 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`102878`

Grant Description

China Merchants Bank provides RMB 1.8 billion loan to Tianshui Huatian Technology for its acquisition of Malaysian semiconductor company Unisem In 2018, the Lanzhou Branch of China Merchants Bank issued an RMB 1.8 billion loan to Tianshui Huatian Technology Co., Ltd. for its acquisition of Malaysian semiconductor company Unisem (M) Berhad (Unisem).

Tianshui Huatian Technology Co., Ltd. agreed to acquire 58.94% of the issued share capital of Unisem for a total consideration of MYR 1.407 billion. The acquisition (via offering) was completed on January 7, 2019.

📋 Staff Comments

UNISEM is a world-renowned Malaysian semiconductor packaging and testing supplier.
Tianshui Huatian Technology Co., Ltd. is the largest chip testing enterprise in Gansu.
The Lanzhou Branch of China Merchants Bank issued a commitment letter of RMB 3 billion to help Tianshui Huatian Technology Co., Ltd. acquire Unisem.

📚 Sources & References

Asiamoney Best for Leveraged Finance 2019
Huatian's Consortium to Acquire Stake in Malaysia's Unisem, 2020 China Merchants Bank Sustainability Report
Chinese firm leads takeover for Unisem at RM3.30 per share
Unisem board spurns takeover offer
Wong & Partners Advised Tianshui Huatian Technology Co. Ltd. And Tianshui Huatian Electronics Group Pre-conditional Takeover Of Unisem Bhd.
天水华天科技股份有限公司 2023 年半年度报告
Huatian Technology
天水华天科技股份有限公司关于公司与关联方及马来西亚联合要约人以自愿全面要约方式联合收购 UNISEM (M) BERHAD 公司股份暨关联交易的公告
天水华天科技股份有限公司关于对深圳证券交易所问询函回复的公告 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Tianshui Huatian Technology Co., Ltd.

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