EXCLUSIVE: Customer For $30M China TechFaith Deal Was Nielsen Audio, New Document Shows

Benzinga has exclusively heard that according to an obtained document from a JD Value analyst, the customer behind the China Techfaith Wireless Comm. Tech. Ltd CNTF $30 million deal on January 25 was Nielsen Audio Inc ARB.

The owner, operator and developer of Chinese commercial real estate properties has been quietly making it into the media rounds. As exclusively reported by Benzinga in December 2015, whispers were beginning to surface that China TechFaith was "grossly undervalued," and had multiple positive catalysts in its future.

Related Link: Exclusive: Investors See Big Things For China TechFaith

"The Street has not factored in a recent sale of three floors at one of the company's real estate sites for $25 million," Benzinga quoted Aptus Capital's John Romero as saying in December. "This is highly material information," Romero wrote in a Seeking Alpha post on the subject, "not in the public domain other than discussed in the Q&A [of a recent conference call]."

Now, almost three months later, Benzinga has heard that the buyer in that deal is Nielsen.

Numbers On The Move

For the nine months ended September 30, 2015, China TechFaith reported third-party revenue of $43.69 million. The contract between Nielsen and China TechFaith is valued at $30 million over three years.

After trading essentially flat Tuesday and Wednesday, China TechFaith has seen a significant jump in Thursday trading, and at the time of this writing was up more than 15.8 percent on the day, trading at $3.95.

Note: At publication, Benzinga had reached out to China TechFaith for remarks, but the spokesperson was unable to comment at that time.