TCL Technology (000100.SZ) Subsidiary to Acquire 10.77% Stake in Shenzhen China Star Optoelectronics Semiconductor for 6.045 Billion Yuan to Strengthen Core Business

Stock News12-15 17:56

TCL Technology Group Corporation (000100.SZ) announced that its subsidiary, TCL China Star Optoelectronics Technology ("TCL CSOT"), plans to acquire a 10.7656% stake in Shenzhen China Star Optoelectronics Semiconductor Display Technology ("Shenzhen CSOT") for 6.045 billion yuan in cash from Shenzhen Major Industrial Development Phase I Fund Co., Ltd.

Upon completion of the transaction, TCL Technology's total stake in Shenzhen CSOT will increase from 84.2105% to 94.9761%, which is expected to enhance the company's profitability. Shenzhen CSOT specializes in semiconductor display business and operates two of the world's most advanced G11 display panel production lines. The company primarily engages in the production, processing, and sales of large-size TFT-LCD display modules, offering customized solutions for clients. Its products are widely used in televisions, commercial displays, and other applications.

The acquisition of minority shares in Shenzhen CSOT by TCL CSOT aims to further consolidate TCL Technology's core business and strengthen its competitive edge in the semiconductor display industry.

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