Tsinghua Holdings invests in Indian firm

Updated 2017-12-05 14:04:56 Global Times

Technology company Tsinghua Holdings Corp will invest about million in an Indian handset maker through an affiliate in Hong Kong, according to media reports on Monday.

The Indian company - Lava International - has issued and offered 5 million compulsory convertible preference shares to Tsinghua Holdings' affiliate UNIC Memory Technology, India's Economic Times reported on its website.

Lava International plans to invest the funds from the Chinese company in handset design and manufacturing facilities in India to improve its production capacity, according to the report. The Indian company has been trying to raise 0 million for more than two years, as it faces tough competition from Chinese firms such as Xiaomi, the report said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 23 2018 16:27:36

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 23 2018 16:27:36

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 23 2018 16:27:36

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords