PRC State-Owned Entity Acquires 10% of Hytera
Hytera has sold a 10% stake to a PRC China state-owned investment entity, which currently has $130+ billion USD in assets, IPVM has verified in both PRC and US government filings.
Hytera joins Dahua who had a similar 10% acquisition by a PRC state-owned entity earlier this year.
Both Hytera and Dahua are petitioning the US government to ban FCC authorizations for their products.
In this report, IPVM examines Hytera's sale of its shares and how it impacts its positioning with the US government.
10% ** ****** **** ** *****-***** ******** ********
** ******* *, ****, ******'* ***** counsel********* * ******* ** *** ************* **** ********, *** ******* *** CEO ** ******, *** ******* **** an ********* ** **** **% ** Hytera's ******* ****** ** ******** ****** Investment **** *********** *******.
*** ****** ****** ********, ***** ***** "double ***," ** * ********** ** a ******* *** *****-***** ********** *******:
******** ****** ********** **** *********** ******* (Limited ***********) (“******** ******”), * ********** of ******** ********** ******* ******* **., Ltd.,a ********** ******* ********** ******* *** * ************* ********* ******* ***** ** ******** *** ******* *** *******. [emphasis added]
******'* ******* ** ***** ** ********* 29, **** ********* **** *********, *********** ******** ****** ** ******* ** Hytera ********* "****** ************ ** *** ******** ** Part ** *** *******'* ****** ** Agreement ** *** *********** ***********."
***** *** *********** ****** ** ******* 2021, *** **** **** ****** *** majority *********** **** **.**% ** ******'* shares, ******'* ******* ********.
Previous ** ***** ********** *********** *****
*******, ****** ********** ******* ** *** no *********** **** *** *** ***** government, ***** ** ******* *** ********* **** ******** ** the ***, ** *** **** *** ******** *** ************* ***:
***is *** ***** ** ********** ** ** ********* ********** **** *** ******* **********; it is not owned or controlled by any entity affiliated with the Chinese defense industrial base. HCC has ** **** ** *** ******* ********* *****. [emphasis added]
******** ****** ***** ** **** * 10% ***** ** * *****-***** ******, the ******* ***** ** *** ****** October ****** **** *** ******** ******** remains *********:
*** ********* **** ****** *** ***** in *** ********* ********** *** *** arguments **** ** *** **** ****** unchanged.
Gongying ***** ** ******* *****-***** ******
********, *** ********** **** ********** *** Hytera ******, *** **** *********** ** the ***** **********, ************ *** ******** municipal ********** ***** ****** ** *****.
******** ********** ******* **., ***.(****) ** *** ******** *****-***** ****** that ********** **** ******** ********** ******* Capital, ***** ** *** "*****-***** ******* investment *******" ********* ** ******'* ****** to *** ***. ******** ********** ******* Capital ******** ** * ********** ** **** on ****'* *******:
****'* **************** *** ******* *** ********* **** it *** **** *** ******* *** (~$130 ******* ***) ** ******:
*********** ** ******* ****, ******** ********** Holdings **., ***. (****) ** * state-owned ******* ********** ******** ***** ************ through *** ****** ** ***** ****** state-owned ***** ********* *** ********** *********. It *** ***** **** * *****-***** capital ********** ******* ************ ** ***-**** finance, ******* & ********** ********** *****, and ******** *** ****-*** ******* **********.
**** ******* ** ********** ********'* ********** industries *** ********* ****** ** "*** bridge ******* ********** *** ******."
***** **** ****'* ***** ********* **** it ** *****-*****, ******** ********* * "***** ********" **** on *** ******* ******** *******, ******* ** "******* ** *** leadership ** *** *****" *** "*********** to ********'* ************ ** * ********** demonstration **** ** ********* **** ******* characteristic."
Gongying ***** ** * *****-***** ********
******'* ****** ** *** *** ****** that ******** ** * ********** ** Shenzhen ********** ******* *******. ********'* ****** are ***** ** * ******** *****-***** entities, ********* ********'* ****** ** ****** ******* ** the *******:
******** ******* ****** ********** ********** **., Ltd., **.**%: * *****-***** ******* ********* platform *********** ** *** ******** ********* Party ********* *** *** ********* ********** "to ****** *** ****** ** *****-***** and *****-***** ***********, ******* *** ************* and ********* ** *****-***** ***********, *** help *** ****'* ********** ************** *** upgrading."
*** *****(********** ********* ************ ****, *** ** *****'* ******* *****-***** banks), **.**%: "** * ***-**** ********* institution ******** *** ********** ** ***** Construction ****, *** ***** ** ********* to ******** * *****-***** ***-***** ***** management ***********."
****** ********** **., ***.(******* **** **********), **.**%
"***** **** **** ** ***** ** development, ****** ********** *** ***** **** a *****-***** ******** ************* ********** *******."
******** ********** ******* *** **** ****** Investment **** ***********,**.**%: **** **** ** **.**% ***** by ****, *** *.**% ** ******** Investment ******* *******.
******** ******** ********** ******* ******* ******** owns *** ******** ********** ** ********, Shenzhen ********** ******* ******* ** *** managing ******* ** ********, ********* ** Hytera's ****** ****** ******:
Hytera ******** ** ***** ***** ** ***** ******** **********
********** *** ******** ********** *********** *** ***** ******** **** **** both ********* *** *********** **********:
****** ****** **** **** ***** ******** will ********* ********* ********* ************ ** the *******, ******** *** *******’* *********** structure, *** ******* ********* ********** ************. At *** **** ****, **** ** the ******** **** *** ******** **** be **** ** ****** ******* ***** to ***** ************ *** ****** *** pledge **** ** ***** ************. ** helps ** ******* ****** ********** *** promote *** ******* *********** ** *** company.
*** ******** ********** ******* ***** **** state-owned ******** **** ****** **** ******** in ****-**** ********** *** ********* **********, so **** **** *** ************ **** enterprises ** ***** **********:
** ****** *****, *****-***** ****** **** accelerated ***** ********** ** ****-**** *********** and ********* ******** **********, *** *********** with **** ********** *** ********* ********** and **** *********** ********* **** ****** important *******.
Hytera: ******** ********* **** ****
******'* ************ ** *** ***** ******** includes * ******* ****** "******** *** cooperation," ********* *** ** ***** ** cooperate **** ****. ****** **** ** plans ** "******** ******* *******" ******* itself *** ****/*** ************ ** ***** up *** *********** ******** ** *** area :
* *** * ***** ** ******** promote *** ****** ******* *** **** to ***** ********* *********** *** ******** develop *** ******* ******* *** *** parties ** *** ************ ** *********** industry ** *********-**** ****-***** ******* *** Area,including ********* ******** *********** ******* *** ****** ******* *** **** *** *** ************...
****** **** ***** **** **** *** provide *** ******* **** ********* ********* and **** **** *** **** ******** on ***********:
provide ********* ******* ** *** ****** ******* **** *** ********* ******* ********* ** ****; and joint direct investment in advantageous projects, joint establishment of industrial investment funds, supporting support for industrial park settlements, etc.
*******, ****** ***** **** ***** **** promote *** *******'* ** ********* *** grow *** *******'* *****:
***** ** ******* ** ******* *** facilitate *** ****** *** ********* ** the ****** ******* ** *** ******** chain,promote *** ****** *******'* ********** ********* ** *** ** ******** ******* *******, to enhance *** *********** ******** ** *** ****** ******* ** *** ******** *** ******* ******* *** ***** ****** ** *** ****** *******. [emphasis added]
** *** *** ****, ****** ********** touts *** ******** ** **** **** from ************ **** * *****-***** ******. On *** ***** ****, ****** ****** any *********** **** *** *** **********. These ********* *** *************, *** *** FCC *** *** ******* ** ******** about ******'* ******** *. *** *******. Hytera's **% ***** **** ** * PRC *****-***** ******* ** *** ******** given *** ***'* ******** ***** ******'* impact ** ******** ********.
****** : "** *** *** * state-owned *******"
*****-***** ********** ****/*** *****: ***, ***** is ******* *** ** *** *** to ** **** ** *******. ****** for ********* ** **** *** *** (currently) ***********. **** **** **** ** in *** ** *** ** ******** people **** ** ***'* ******* ********* to ** *** *** *******.