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Corporation
ELECTRONICS | Chips & Semiconductors / Semiconductors: Integrated Circuits
espressif.com

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Founded Year

2008

Stage

IPO | IPO

Date of IPO

7/22/2019

About Espressif Systems

Espressif Systems (SHA: 688018) is a multinational, fabless semiconductor company that leverages wireless computing to create IoT solutions that are more intelligent, versatile and cost-effective. The company's all-in-one system-on-chips (SoCs) provide dual-mode connectivity (Wi-Fi+BT/BLE) to a range of IoT products, including tablets, cameras, wearables and smart home devices.

Espressif Systems Headquarter Location

#101, Block 2, 690 Bibo Road, Zhangjiang High-Tech Park, Pudong

Shanghai, Shanghai, 201203,

China

+86 021-61065218

Latest Espressif Systems News

General Announcement::Partial Disposal of the Shareholding in the Issued and Paid Up Share Capital of Espressif Systems

Jul 21, 2021

07/21/2021 | 04:17am EDT Message : (Company Registration No. 198905519R) PARTIAL DISPOSAL OF THE COMPANY'S SHAREHOLDING IN THE ISSUED AND PAID UP SHARE CAPITAL OF ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. The Company refers to the announcements made from 28 October 2020 to 9 July 2021 in relation to the partial disposal of ordinary shares held by the Company in Espressif Systems (Shanghai) Co., Ltd. ("Espressif Shanghai") (the "Previous Announcements"). Further to the Previous Announcements, the Board of Directors (the "Board") of Shinvest Holding Ltd. (the "Company"), together with its subsidiaries (the "Group") would like to announce that the Company has made a further disposal of the Espressif Shanghai's shares ("Disposal") by way of Auction Trading (竞价 交易) on China Merchant Securities Co., Ltd.'s online platform, details of which are as follows: INFORMATION ON DISPOSAL TRANSACTIONS Notes: after deducting of administrative fee, stamp duty and transfer fees for the sale of shares to third parties. The total number of Espressif Shanghai shares disposed as of 20 July 2021 is 1,267,005 ordinary shares. The Company currently holds 3,532,995 ordinary shares in Espressif Shanghai. FINANCIAL IMPACT Based on the Company's audited full year financial statements for the financial year ended 31 August 2020, the Group expects to record a gain before tax of approximately S$2,384,421 from the Disposal. FINANCIAL EFFECTS For the purposes of illustration only, the pro forma financial effects of the Disposal taken are set out below. The pro forma financial effects are based on the most recently completed financial year for the financial year ended 31 August 2020. 1. Net Tangible Assets ("NTA") (assuming that the Disposal had been effected at the end of the financial year) As at 31 August 2020 NTA (S$'000) 509.82 As at 31 August 2020 Earning (S$'000) RELEVANT FIGURES UNDER RULE 1006 OF THE LISTING MANUAL The relative figures computed on the bases set out in Rule 1006 of the Listing Manual based on the latest announced unaudited half year financial statements of the Group for the financial year ending 31 August 2021 are as follows: 2.89% 3.47% 7.64% 2021 Not Applicable Not Applicable RATIONALE AND USE OF PROCEEDS As elaborated in the circular to Shareholders dated 30 September 2020, the Company has reviewed its investment portfolio and is of the view that it is an opportune time to realise its investments in Espressif Shanghai. The proceeds from the Disposal will be used for general working capital purposes of the Group and/or investment opportunities, as the Directors may deem appropriate in the interest of the Group. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTEREST None of the Directors or substantial shareholders of the Company, or its subsidiaries have any interest, direct or indirect, in the Disposal other than by reason of being a Director or a shareholder of the Company. CAUTIONARY STATEMENT Shareholders and potential investors are therefore reminded to exercise caution when dealing in the securities of the Company and should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisors if they are in doubt about the actions that they should take. BY ORDER OF THE BOARD Teo Teck Leong

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Espressif Systems Patents

Espressif Systems has filed 21 patents.

The 3 most popular patent topics include:

  • Wireless networking
  • Mesh networking
  • Network protocols
patents chart

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Related Topics

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1/8/2019

5/25/2021

Network protocols, Link protocols, Wireless networking, Network layer protocols, Ethernet

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1/8/2019

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5/25/2021

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Related Topics

Network protocols, Link protocols, Wireless networking, Network layer protocols, Ethernet

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Status

Grant

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Espressif Systems Web Traffic

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