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Overview

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

Commitments (Constant USD, 2023)$273,869,612
Commitment Year•2018Country of Activity•MalaysiaDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (actual)
Jan 7, 2019
End (actual)
Jan 7, 2019

Geospatial footprint

Map overview

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The purchased semiconductor company, Unisem, is headquartered in Kinta County, Malaysia. More detailed locational information can be found at: https://www.openstreetmap.org/way/315750093.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • China Merchants Bank Co., Ltd.

Receiving agencies

Private Sector

  • Tianshui Huatian Technology Co., Ltd.

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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

1. UNISEM is a world-renowned Malaysian semiconductor packaging and testing supplier. 2. Tianshui Huatian Technology Co., Ltd. is the largest chip testing enterprise in Gansu. 3. The Lanzhou Branch of China Merchants Bank issued a commitment letter of RMB 3 billion to help Tianshui Huatian Technology Co., Ltd. acquire Unisem.