TCL Technology to Increase Stake in CSOT Semiconductor

MT Newswires Live12-16

TCL Technology (SHE:000100), through subsidiary TCL CSOT Technology, plans to acquire an additional 10.8% of Shenzhen CSOT Semiconductor Display Technology for 6.05 billion yuan, according to a Shenzhen bourse filing on Tuesday.

The stake will be bought from Shenzhen Major Industrial Development Phase I Fund.

The semiconductor display manufacturer's stake in CSOT Semiconductor will rise to almost 95% from 84.2%.

The company's shares rose over 1% during the afternoon trade.

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