China: Principle Capital to buy Israel-based Camtek’s PCB biz for $35m

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Of the total purchasing price, $32 million will be paid in cash upon closing and the remaining $3 million conditioned upon the PCB business’ financial performance in 2018.

HK: LeEco’s listed company names Sun Hongbin of Sunac as chairman

Sunac invested 15b yuan in LeEco earlier this year.


Baidu, JD.com, Tencent and others to invest $12b in state-owned China Unicom

Move is part of efforts by China’s government to revive state behemoths with private capital.


China: Geneseeq closes Series C led by Industrial Innovation Capital

Genetic sequencing startup Geneseeq has closed Series C funding.


China: Ossen Innovation acquires America-Asia Diabetes Research Foundation

The deal is a spin-off Ossen Innovations’ existing business.


China’s delivery firm ZTO, banks sued over ‘inflated’ margins in top 2016 US IPO

Morgan Stanley and Goldman Sachs led the $1.6b offer.


China: Xingtang miniKTV raises $15m; Huayi backs Symbow Medical; Xiaomai secures $18.5m

China’s mobile karaoke box operator Xingtang miniKTV raises $15 million during the first three months of its operation.


Shanghai Pharma, others in fray to buy US Cardinal Health’s $1.5b China biz

China Resources and Sinopharm Group are in the race too.


China Digest: Tantech takes over Suzhou Motors; China Ceramics’ private placement

Tantech Holdings Ltd has completed its 70 per cent acquisition stake in Suzhou E Motors Co Ltd, while China Ceramics Co Ltd has closed private placement of its ordinary shares.


France’s Faurecia takes majority stake in China’s Jiangxi Electronics

The deal is valued at $222 million.