According to Hong Kong media, China Electronics Corporation says it plans to become a shareholder of Shenzhen Zhongxin Semiconductor Company through its subsidiary HuaHong Group with an eye to creating a large semiconductor enterprise in China.
A representative from SZXSC says that the company would consider any measures that will benefit their investors and shareholders, but they would first need to study the feasibility of the rumored merger. It is predicted by pundits in local media that CEC and SZXSC will exchange shares, though not many details have been released.
CEC previously acquired the shares of Hong Kong-listed TPV Technology from BOE through its affiliate the Great Wall Computer. Apart from Huahong and the Great Wall Computer, CEC also owns China Integrated Circuit, China National Software & Services Company, Shenzhen Sed Electronics Group Company, China National Electronics Import & Export Corporation, and Panda Electronics Group.