Status:  Upcoming/New Filing

Acquirer:  Beijing Jianguang Asset Management Co., Ltd. (China)

Acquired:  RJR Technologies, Inc. (US)

Value:  Unknown

Industry:  Electronic Engineering

On September 22, 2017, RJR Technologies, Inc. (“RJR Technologies”), an Oakland, California based company that provides packaging solutions for electronic devices, and Beijing Jianguang Asset Management Co., Ltd., a China based investment management company, signed an agreement whereby the companies will cooperate and construct a joint venture to establish a packaging business in China.  (See China Semiconductor Industry Association Press Release , Jianguang Assets will be Combined with the United States RJR Joint Venture to Improve China’s RF Industry Chain, Oct. 12, 2017, machine translation.)  RJR Technologies manufactures air cavity packages, pre-applied epoxies, sealing systems, and radio-frequency (RF) power packets, which are used by the semiconductor industry for logistics solutions.  (See RJR Technologies website, About Us web page.)  The parties have disclosed to the China Semiconductor Industry Association that the proposed venture will be submitted to the Committee on Foreign Investment in the United States for approval. (See China Semiconductor Industry Association Press Release, Oct. 12, 2017, machine translation.)