Tsinghua se­cures 150b yuan fi­nanc­ing

New Straits Times - - Business -

HONG KONG: Tsinghua Un­i­group Ltd has clinched as much as 150 bil­lion yuan (RM97.24 bil­lion) of fi­nanc­ing from two Chi­nese gov­ern­ment­backed in­vestors, amass­ing a pool of funds to pur­sue ac­qui­si­tions and build a world-class semi­con­duc­tor in­dus­try. The state-linked chip­maker will re­ceive a to­tal of 100 bil­lion yuan from China De­vel­op­ment

Bank, a pol­icy lender over­seen by the coun­try’s cab­i­net, in the years till 2020.

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