ARM China restructures ahead of IPO

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May. 02, 2022 – 

ARM has reportedly replaced Allen Wu, the CEO of its China subsidiary, with two co-CEOs. This clears the path for a planned initial public offering of shares in the company after a two year dispute. However, Wu continues to claim he remains in charge stating that he has not been replaced…

By Peter Clarke, eeNews Europe (April 29, 2022)

ARM has reportedly replaced Allen Wu, the CEO of its China subsidiary, with two co-CEOs. This clears the path for a planned initial public offering of shares in the company after a two year dispute.

However, Wu continues to claim he remains in charge stating that he has not been replaced and that dealings are administratively flawed.

ARM Technology (China) Co. Ltd. has now issued a statement that Liu Renchen and Chen Xun have been appointed joint CEOs and have completed the legally required industrial and commercial registration. Liu is reportedly the legal representative who reportedly has the power to obtain a new company seal, breaking Wu’s hold over the company.

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