China telecom developer may sell 20% stake to national pension fund

         According to company sources, Datang Telecom Technology and Industry Holdings Co., a major developer of the domestically-grown TD-SCDMA 3G standard, is in talks with the country’s national pension fund to sell a 20-percent stake through a private placement.
        The deal could worth as much as 3 billion yuan (428.6 million U.S. dollars), but the two sides had not decided on the price tag.
        The National Social Security Fund (NSSF) will take a 20-percent stake in Datang Telecom Holdings after buying new shares issued by the telecom equipment firm.
       To bankroll a hike in its equipment production capacity and increase working capital the fund raised will be used, according to the company sources.
       This news is from China electronics manufacturer.

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