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China Daily | Updated: 2014-07-22 07:29
Tsinghua unit completes $907m merger with RDA
Tsinghua Unigroup Ltd, an operating subsidiary of Tsinghua Holdings Co Ltd, a State-owned limited liability corporation funded by Tsinghua University in China, and RDA Microelectronics Inc, a fabless semiconductor company, jointly announced on Friday the closing of the approximately $907 million merger, or $18.50 per American depositary share, of RDA Microelectronics with an affiliate of Tsinghua Unigroup.
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