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Datang Telecom Technology

Summary

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.

Datang Telecom Technology
Datang Telecom
Company typePublic; state-owned enterprise
SSE: 600198
IndustryTelecommunications
PredecessorDivisions of Datang Telecom Group
Founded21 September 1998 (1998-09-21) (spin off)
FounderDatang Telecom Group
Headquarters
Beijing
,
China
Owner
Chinese central government via Datang Telecom Group(33.94%)
other public shareholders(66.06%)
Parent
Datang Telecom Group(direct)
SASAC(intermediate)
State Council(ultimate)
SubsidiariesLeadcore Technology
Websitewww.datang.com Edit this at Wikidata
Footnotes / references
in consolidated financial statement[1]
Datang Telecom Technology
Simplified Chinese大唐电信科技
Datang Telecom
Simplified Chinese大唐电信
Traditional Chinese大唐電信

History edit

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]

References edit

  1. ^ "2015 Annual Report" (PDF). Datang Telecom Technology (in Chinese). Shanghai Stock Exchange. 23 April 2016. Retrieved 7 March 2017.
  2. ^ 李兴彩 (4 May 2018). 大唐电信与高通组建合资公司瓴盛科技获批. Shanghai Securities News (in Chinese (China)). Retrieved 17 January 2019.
  3. ^ 张靖超 (7 May 2018). 大唐电信戴帽：旗手"陨落". China Business Journal (in Chinese (China)). Beijing. Retrieved 16 January 2019.

External links edit

  • Official website