Shanghai Rongzhihe Technology Partnership agreed to acquire 2% stake in Shanghai Analogy Semiconductor Technology Ltd from Shanghai Bright Power Semiconductor Co., Ltd. for CNY 20 million.
November 12, 2021
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Shanghai Rongzhihe Technology Partnership agreed to acquire 2% stake in Shanghai Analogy Semiconductor Technology Ltd from Shanghai Bright Power Semiconductor Co., Ltd. (SHSE:688368) for CNY 20 million on November 11, 2021. for the year ended December 31, 2020 Shanghai Analogy recorded the total assets of CNY24.33 million, net assets of CNY 23.17 million and net loss of CNY 9.82 million. The deal is subject to approval from Shanghai Analogy Semiconductor Technology Ltd shareholders, Shanghai Bright Power Semiconductor Co., Ltd. (SHSE:688368) board and consummation of due diligence. As of November 11, 2021 Shanghai Bright Power Semiconductor Co., Ltd. board approved the deal.
Shanghai Bright Power Semiconductor Co Ltd is a China-based company mainly engaged in the design, research, development and sales of power management driver chips. The Company's main products include light-emitting diode (LED) illumination drive chips, motor drive chips, alternate current (AC) / direct current (DC) power supply chips, DC / DC power chips, etc. The LED illumination drive chips include universal LED illumination drive chips and smart LED illumination drive chips. The AC / DC power management chip includes built-in AC / DC power supply chips and external AC / DC power supply chips and motor drive chips. Its products are mainly used in LED lighting industries, household appliances, electric tools, industrial servo, mobile phone fast charge, set-top boxes, routers, video surveillance, home care tools, servers, communication base stations and other fields. The Company mainly conducts its businesses in domestic and overseas markets.
SHANGHAI BRIGHT POWER SEMICONDUCTOR CO., LTD. 
