[High-tech LED News] TCL Multimedia announced that it will acquire the entire share capital of TCL Optoelectronics Technology (Huizhou) to the parent company TCL Group at a consideration of 656 million yuan (about 789 million Hong Kong dollars).
The company will pay 246 million new shares at a price of 3.2 yuan per share. Upon completion of the transaction, TCL Group's direct and indirect holding of TCL Multimedia's equity will increase from the current 52.41% to 61.21%.
It is reported that TCL Optoelectronics Technology (Huizhou) mainly provides LCD modules for thin film liquid crystal displays (TFT-LCDs) through processing, processing and general trade. TCL Optoelectronics Technology (Huizhou) currently has 6 LCD module production lines with an annual production capacity of 6 million pieces.
In addition, TCL Optoelectronics Technology (Huizhou) also holds a 60% stake in Huizhou Hanyu Optoelectronics, which is principally engaged in the manufacture and sale of CCFL LCD and LED backlight units.
The company will pay 246 million new shares at a price of 3.2 yuan per share. Upon completion of the transaction, TCL Group's direct and indirect holding of TCL Multimedia's equity will increase from the current 52.41% to 61.21%.
It is reported that TCL Optoelectronics Technology (Huizhou) mainly provides LCD modules for thin film liquid crystal displays (TFT-LCDs) through processing, processing and general trade. TCL Optoelectronics Technology (Huizhou) currently has 6 LCD module production lines with an annual production capacity of 6 million pieces.
In addition, TCL Optoelectronics Technology (Huizhou) also holds a 60% stake in Huizhou Hanyu Optoelectronics, which is principally engaged in the manufacture and sale of CCFL LCD and LED backlight units.
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