Datang Telecom Technology Explained

Datang Telecom Technology
Logo Alt:company logo on the left and the calligraphy of the Chinese word "Datang Telecom" on the right
Trade Name:Datang Telecom
Type:Public
state-owned enterprise
Industry:Telecommunications
Founded: (spin off)
Founder:Datang Telecom Group
Predecessor:Divisions of Datang Telecom Group
Hq Location City:Beijing
Hq Location Country:China
Subsid:Leadcore Technology
Footnotes:in consolidated financial statement[1]

Datang Telecom Technology Co., Ltd., known as Datang Telecom or DTT, is a Chinese listed company based in Beijing, China. It is a subsidiary of state-owned "China Academy of Telecommunications Technology" (CATT), which had a trading name Datang Telecom Group.

History

In 1998 "China Academy of Telecommunications Technology" had transformed from a research institute to both research institute and holding company, by incorporating a subsidiary Datang Telecom Technology (DTT) on 21 September 1998 under the Companies Law of China. On 21 October 1998 DTT became a public company in the Shanghai Stock Exchange. The research institute also had a new trading name Datang Telecom Group.

In 2012 Datang Telecom Technology acquired 75.88% stake of Leadcore Technology from the parent entity.

In 2017, Leadcore formed a Sino-foreign joint venture with Qualcomm and other investors. It was approved by the Chinese regulator in 2018.[2]

In May 2018, due to heavy net loss in 2017 financial year, the company was marked as *ST (* special treatment) by the Shanghai Stock Exchange. It was reported that the company facing delist from the exchange.[3]

Notes and References

  1. Web site: 2015 Annual Report. 23 April 2016. 7 March 2017. Datang Telecom Technology. Shanghai Stock Exchange. Chinese.
  2. News: http://news.cnstock.com/news,bwkx-201805-4217958.htm. zh:大唐电信与高通组建合资公司瓴盛科技获批. 4 May 2018. 17 January 2019. Shanghai Securities News. zh-cn. 李兴彩.
  3. News: http://dianzibao.cb.com.cn/html/2018-05/07/content_65016.htm. zh:大唐电信戴帽:旗手"陨落". 7 May 2018. 16 January 2019. China Business Journal. zh-cn. 张靖超 . Beijing .