Conversion of Arm's Chinese subsidiary into a joint venture
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AchievedAnnual report
「On 26 June 2018, Arm sold a 51% interest in its wholly owned Chinese subsidiary, Arm China, for US$775 million to several institutional investors, Arm customers and their affiliated companies, for the purpose of conducting Arm's semiconductor technology IP business in China as a joint venture.」
The sale of a 51% interest in Arm China for US$775 million was completed, and the company changed from a subsidiary to an equity-method associate. - FY2018First statedAnnual report
「On 4 June 2018, our UK subsidiary Arm Limited agreed to sell a 51% interest in its wholly owned Chinese subsidiary, Arm Technology (China) Co., Ltd., for US$775.2 million to several institutional investors, Arm customers and their affiliated companies, thereby forming a joint venture for the purpose of conducting Arm's existing semiconductor technology IP business in China as a joint venture.」
An agreement to sell a 51% interest in Arm's Chinese semiconductor IP business for US$775.2 million and form a joint venture was disclosed as a subsequent event. Upon completion, the entity was expected to become an equity-method associate.