TCL Tech Secures Share Placement Approval for Acquisition

MT Newswires Live05-06

TCL Technology (SHE:000100) received approval from the Shenzhen Stock Exchange to place shares to acquire 45% of Guangzhou Huaxing Optoelectronic Semiconductor Display Technology, according to a Shenzhen bourse filing on Wednesday.

The Chinese electronics company is allowed to place shares with up to 35 investors.

The stake will be bought from Guangdong Hengjian Investment Holding, Guangzhou Chenfa Xingguang Investment Partnership (Limited Partnership) and Science City (Guangzhou) Investment Group.

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