PRC State-Owned Entity Acquires 10% of Hytera

By Isabella Cheng, Published Oct 11, 2021, 11:04am EDT

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.

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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% ** ****** **** ** *****-***** ******** ********

** ******* *, ****, Hytera's ***** **************** * ******* ** the ************* **** ********, *** founder *** *** ** Hytera, *** ******* **** an ********* ** **** 10% ** ******'* ******* shares ** ******** ****** Investment **** *********** *******.

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*** ****** ****** ********, which ***** "****** ***," is * ********** ** a ******* *** *****-***** investment *******:

******** ****** ********** **** Partnership ******* (******* ***********) (“Gongying ******”), * ********** of ******** ********** ******* Capital **., ***.,a ********** ******* ********** ******* *** * ************* ********* ******* ***** ** ******** *** ******* *** *******. [emphasis added]

******'* ******* ** ***** on ********* **, **** confirmed **** *********, *********** ******** ****** ** changes ** ****** ********* "****** ************ ** *** Transfer ** **** ** the *******'* ****** ** Agreement ** *** *********** Shareholder."

***** *** *********** ****** in ******* ****, *** Chen **** ****** *** majority *********** **** **.**% of ******'* ******, ******'* filings ********.

Previous ** ***** ********** *********** *****

*******, ****** ********** ******* it *** ** *********** with *** *** ***** government, ***** ** ******* *** ********* **** comments ** *** ***, ** *** **** of* ******** *** ************* ban:

***is *** ***** ** ********** ** ** ********* ********** **** *** ******* **********; it is not owned or controlled by any entity affiliated with the Chinese defense industrial base. HCC has ** **** ** *** ******* ********* *****. [emphasis added]

******** ****** ***** ** sell * **% ***** to * *****-***** ******, the ******* ***** ** the ****** ******* ****** that *** ******** ******** remains *********:

*** ********* **** ****** has ***** ** *** captioned ********** *** *** arguments **** ** *** made ****** *********.

Gongying ***** ** ******* *****-***** ******

********, *** ********** **** purchasing *** ****** ******, has **** *********** ** the ***** **********, ************ the ******** ********* ********** where ****** ** *****.

******** ********** ******* **., Ltd.(****) ** *** ******** state-owned ****** **** ********** owns ******** ********** ******* Capital, ***** ** *** "state-owned ******* ********** *******" disclosed ** ******'* ****** to *** ***. ******** Investment ******* ******* ******** ** * ********** of **** ** ****'* website:

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****'* **************** *** ******* *** discloses **** ** *** over *** ******* *** (~$130 ******* ***) ** assets:

*********** ** ******* ****, Shenzhen ********** ******** **., Ltd. (****) ** * state-owned ******* ********** ******** newly ************ ******* *** merger ** ***** ****** state-owned ***** ********* *** management *********. ** *** grown **** * *****-***** capital ********** ******* ************ in ***-**** *******, ******* & ********** ********** *****, and ******** *** ****-*** service **********.

**** ******* ** ********** Shenzhen's ********** ********** *** describes ****** ** "*** bridge ******* ********** *** market."

***** **** ****'* ***** statement **** ** ** state-owned, ******** ********* * "***** building" **** ** *** Chinese ******** *******, ******* ** "******* to *** ********** ** the *****" *** "*********** to ********'* ************ ** a ********** ************* **** of ********* **** ******* characteristic."

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Gongying ***** ** * *****-***** ********

******'* ****** ** *** FCC ****** **** ******** is * ********** ** Shenzhen ********** ******* *******. Gongying's ****** *** ***** by * ******** *****-***** entities, ********* ********'* ****** ** ****** changes ** *** *******:

******** ******** ********** ******* Capital ******** **** *** smallest ********** ** ********, Shenzhen ********** ******* ******* is *** ******** ******* of ********, ********* ** Hytera's ****** ****** ******:

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Hytera ******** ** ***** ***** ** ***** ******** **********

********** *** ******** ********** Journal**** *** ***** ******** will **** **** ********* and *********** **********:

****** ****** **** **** share ******** **** ********* important ********* ************ ** the *******, ******** *** company’s *********** *********, *** enhance ********* ********** ************. At *** **** ****, part ** *** ******** from *** ******** **** be **** ** ****** pledged ***** ** ***** shareholders *** ****** *** pledge **** ** ***** shareholders. ** ***** ** enhance ****** ********** *** promote *** ******* *********** of *** *******.

*** ******** ********** ******* noted **** *****-***** ******** have ****** **** ******** in ****-**** ********** *** strategic **********, ** **** look *** ************ **** enterprises ** ***** **********:

** ****** *****, *****-***** assets **** *********** ***** deployment ** ****-**** *********** and ********* ******** **********, and *********** **** **** production *** ********* ********** and **** *********** ********* have ****** ********* *******.

Hytera: ******** ********* **** ****

******'* ************ ** *** share ******** ******** * section ****** "******** *** cooperation," ********* *** ** plans ** ********* **** SIHC. ****** **** ** plans ** "******** ******* synergy" ******* ****** *** SIHC/its ************ ** ***** up *** *********** ******** in *** **** :

* *** * ***** to ******** ******* *** listed ******* *** **** to ***** ********* *********** and ******** ******* *** synergy ******* *** *** parties ** *** ************ of *********** ******** ** Guangdong-Hong ****-***** ******* *** Area,including ********* ******** *********** ******* *** ****** ******* *** **** *** *** ************...

****** **** ***** **** SIHC *** ******* *** company **** ********* ********* and **** **** *** work ******** ** ***********:

provide ********* ******* ** *** ****** ******* **** *** ********* ******* ********* ** ****; and joint direct investment in advantageous projects, joint establishment of industrial investment funds, supporting support for industrial park settlements, etc.

*******, ****** ***** **** could **** ******* *** company's ** ********* *** grow *** *******'* *****:

***** ** ******* ** promote *** ********** *** layout *** ********* ** the ****** ******* ** the ******** *****,promote *** ****** *******'* ********** ********* ** *** ** ******** ******* *******, to enhance *** *********** ******** ** *** ****** ******* ** *** ******** *** ******* ******* *** ***** ****** ** *** ****** *******. [emphasis added]

** *** *** ****, Hytera ********** ***** *** benefits ** **** **** from ************ **** * state-owned ******. ** *** other ****, ****** ****** any *********** **** *** PRC **********. ***** ********* are *************, *** *** FCC *** *** ******* up ******** ***** ******'* comments *. *** *******. Hytera's **% ***** **** to * *** *****-***** company ** *** ******** given *** ***'* ******** about ******'* ****** ** national ********.

Comments (1)

****** : "** *** not * *****-***** *******"

*****-***** ********** ****/*** *****: Hey, ***** ** ******* one ** *** *** to ** **** ** control. ****** *** ********* us **** *** *** (currently) ***********. **** **** help ** ** *** PR *** ** ******** people **** ** ***'* control ********* ** ** the *** *******.

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