SANTA CLARA, Calif. and
BEIJING, Jan. 28, 2016 /PRNewswire/ -- OmniVision
Technologies, Inc. (OVTI), a leading developer of advanced digital
imaging solutions, and a consortium composed of Hua Capital
Management Co., Ltd., CITIC Capital Holdings Limited and Goldstone
Investment Co., Ltd. (collectively, the "Consortium") today
announced that the Consortium has completed the previously
announced acquisition of OmniVision. As a result of the completion
of the acquisition, trading of OmniVision common stock on the
NASDAQ Global Select Market will be halted before the opening of
the market today and will be suspended effective as of the close of
business today. Under the terms of the definitive agreement
regarding the acquisition of OmniVision, OmniVision stockholders
will receive $29.75 per share in
cash, or a total of approximately $1.9 billion.
About OmniVision
OmniVision Technologies, Inc. is a leading developer of advanced
digital imaging solutions. Its CameraChip™ and CameraCubeChip™
products are highly integrated, single-chip CMOS image sensors for
consumer and commercial applications, including mobile phones,
tablets and entertainment devices, notebooks and webcams, security
and surveillance systems, digital still and video cameras,
automotive and medical imaging systems. Additional information is
available at www.ovt.com.
About Hua Capital Management
Hua Capital Management Co., Ltd., based in Beijing, China, was founded by an experienced
investment team focused on the semiconductor industry and related
areas. The firm's principals consist of semiconductor industry
entrepreneurs, each with more than 20 years' experience in
semiconductor industry entrepreneurship, management and investing.
Hua Capital Management's valued-added approach leverages
operational and financial expertise to help portfolio companies
realize their full potential and become leaders in the
semiconductor industry.
About CITIC Capital
Founded in 2002, CITIC Capital Holdings Limited is an
alternative investment management and advisory company. The firm
manages $5 billion of capital from a
diverse group of international and Chinese investors. Core
businesses include Private Equity, Real Estate, Structured
Investment and Finance, Asset Management and Venture. CITIC Capital
currently employs over 200 staff members throughout its offices in
Hong Kong, Shanghai, Beijing, Shenzhen, Tokyo and New York. The firm combines a
deep knowledge of the Chinese business and financial markets with
world-class investment expertise to create and maximize value for
its investors. For more information, please visit
www.citiccapital.com.
About Goldstone Investment
Goldstone Investment Co., Ltd. was incorporated in Beijing in October
2007 with registered capital of RMB
4.6 billion. As a wholly-owned subsidiary of CITIC
Securities Co., Ltd., it is solely engaged in direct equity
investment and focuses on private companies with the potential of
going public. Goldstone Investment was among the first direct
equity investment arms of a Chinese securities firm. From 2007,
Goldstone Investment has invested in over 100+ transactions,
totaling over RMB 12 billion
(~$1.8 billion).
Legal Notice Regarding Forward-Looking Statements
This communication contains not only historical information, but
also forward-looking statements made pursuant to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties and
include information concerning possible or assumed future results
of operations of OmniVision. Without limiting the foregoing,
the words "believes," "anticipates," "plans," "expects," "intends,"
"forecasts," "should," "estimates," "contemplate," "future,"
"goal," "potential," "predict," "project," "projection," "may,"
"will," "could," "should," "would," "assuming" and similar
expressions are intended to identify forward-looking statements.
You should read statements that contain these words carefully. They
discuss OmniVision's future expectations or state other
forward-looking information and may involve known and unknown risks
over which OmniVision has no control. Forward-looking statements
speak only as of the date of this communication or the date of any
document incorporated by reference in this document. Except as
required by applicable law or regulation, OmniVision does not
undertake to update these forward-looking statements to reflect
future events or circumstances.
Logo -
http://photos.prnewswire.com/prnh/20131107/SF12520LOGO-b
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/omnivision-hua-capital-management-citic-capital-and-goldstone-investment-announce-the-completion-of-the-acquisition-of-omnivision-by-hua-capital-management-citic-capital-and-goldstone-investment-300211387.html
SOURCE OmniVision Technologies, Inc.