Chinese leathergoods group aims to segue into semico - leatherbiz: Lea Leatherbiz

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Chinese leathergoods group aims to segue into semiconductors

25/11/2025

China International Development Corp, a leathergoods company, is exploring buying ‌Lonten Semiconductor for between HK$4.5 billion and HK$9 ‌billion ($1.2 billion), according to Reuters.

China International Development has three divisions: a leather manufacturing business, a leather retail business focused on leathergoods, and an automobile services business segment, which sells hydrogen injection cleaning systems for engines.

It has expressed an interest in expanding in the automotive sector and the semiconductor industry in China.

 

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