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]
External links
References
- 2015 Annual Report Datang Telecom Technology, Shanghai Stock Exchange, 23 April 2016, retrieved 7 March 2017^
- 李兴彩. http://news.cnstock.com/news,bwkx-201805-4217958.htm Shanghai Securities News, 4 May 2018, retrieved 17 January 2019^
- 张靖超. http://dianzibao.cb.com.cn/html/2018-05/07/content_65016.htm China Business Journal, 7 May 2018, retrieved 16 January 2019^