Lianxin Fund plans to acquire 51% stake in Arm Technology

On May 18, Lianxin Group issued a press release stating that its subsidiary Lianxin Fund has reached an agreement and signed a letter of intent with Chinese shareholders including Amber Leading (Hong Kong) Limited, Ningbo Meishan Free Trade Zone Anchuang Growth Equity Investment Partnership (Limited Partnership), and ARM Ecosystem Holdings (Hong Kong) Limited, to acquire a 51% stake in ARM Technology.

It is understood that Lianxin Group is a company focusing on technology investment in the Greater Bay Area, and Lianxin Fund was established specifically to acquire 51% of the equity of Arm Technology. If the equity transfer is completed, Lianxin Fund under Lianxin Group will eventually replace the previous Chinese shareholders and become the sole Chinese shareholder of Arm Technology, and will fully control Arm Technology with a 51% stake.

According to previous public data from ARM Technology, the company's overall revenue increased by 250% from 2018 to 2021, with more than 250 domestic authorized customers. The overall business covers various fields such as smart cars, edge computing, data centers, smart Internet of Things, and mobile devices.