Caixin
May 23, 2022 08:19 PM
TECH

Mysterious Firm Seeks Controlling Stake in Arm China

Arm China’s office building in Shanghai in March 2020. Photo: VCG
Arm China’s office building in Shanghai in March 2020. Photo: VCG

Chip designer Arm Ltd.’s China joint venture could be acquired by a firm whose origin is shrouded in mystery, in the latest chapter of a two-year boardroom struggle with ousted Chairman and CEO Allen Wu.

In a statement published last week, the firm in question — Lotcap Group — said that it had signed a letter of intent to buy a 51% stake in Arm China from Chinese shareholders Amber Leading (Hong Kong) Ltd., Ningbo Meishan Bonded Port Area Anchuang Growth Equity Investment Partnership, and Arm Ecosystem Holdings (Hong Kong) Ltd.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription