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BRIEF-Ingenic Semiconductor to acquire stakes in 3 companies for 13 bln yuan
December 1, 2016 / 1:00 PM / in a year

BRIEF-Ingenic Semiconductor to acquire stakes in 3 companies for 13 bln yuan

Dec 1 (Reuters) - Ingenic Semiconductor Co Ltd

* Says it plans to acquire stakes in three companies, such as omnivision’s china unit, for 13 billion yuan ($1.89 billion) via cash, share issue

* Says it plans to raise up to 2.16 billion yuan in share private placement to help fund acquisition

Source text in Chinese: bit.ly/2gOT0mt; bit.ly/2fOWPY5

Further company coverage: ($1 = 6.8870 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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