Hong Kong, March 28 Tsinghua Unigroup Ltd, China's top state chip manufacturer, said on Tuesday it had signed deals that would provide it with financing of up to 150 billion yuan ($21.8 billion).
In a statement on its website, Tsinghua Unigroup said China Development Bank had agreed to provide financing of up to 100 billion yuan for the five-year period of 2016-2020, while China's Integrated Circuit Industry Investment Fund would invest up to 50 billion in the semiconductor giant. ($1 = 6.8847 Chinese yuan renminbi) (Reporting By Sijia Jiang; Editing by Anne Marie Roantree)
UPDATE 3-Loeb's Third Point targets 'staid' Nestle for change
June 25 Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.