News

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.

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