TCL Technology Group's (SHE:000100) indirectly owned subsidiary, Maxeon Solar Technologies, applied at Singapore's High Court for the judicial management of some of its restructuring measures, according to a Shenzhen bourse filing on Thursday.
Some of the restructuring measures included offloading certain subsidiaries and global distributed generation businesses outside the U.S.
Maxeon also requested to appoint Deloitte as the judicial manager.
The Chinese electronics company's shares fell 2% during the morning trade.
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