Brief: Pixelworks - Co And Its Unit, Pwsh, Entered Into A Capital Increase Agreement With Certain Private Equity And Strategic Investors Based In China

Pixelworks

09/08/2021 22:11

Aug 9 (Reuters) - Pixelworks Inc  PXLW.O :
    * PIXELWORKS - CO AND ITS UNIT, PWSH, ENTERED INTO A CAPITAL
INCREASE AGREEMENT WITH CERTAIN PRIVATE EQUITY AND STRATEGIC
INVESTORS BASED IN CHINA
    * PIXELWORKS INC - ESOP HAVE AGREED TO PAY A TOTAL OF RMB
79.7
MILLION IN EXCHANGE FOR AN EQUITY INTEREST IN PWSH OF 5.95%
    * PIXELWORKS - INVESTORS AGREED TO PAY A TOTAL OF RMB 200
MILLION
IN EXCHANGE FOR AN EQUITY INTEREST IN PWSH OF 10.45%

Further company coverage:  PXLW.O 

 ((Reuters.Briefs@thomsonreuters.com;))