Huaxing photoelectric acquisition of China's more than half of the shares of photoelectric display, layout display module again

2, 2009, TCL group issued a voluntary announcement on the acquisition of China Huaxing photoelectric photoelectric equity interest. Announcements, Huaxing Power through the acquisition of TCL group and other ten companies incorporated in the British Virgin Islands company High Value Ventures Limited agreement held by China Xianguang electric 53.81% of the shares.

The acquisition of a comprehensive tender offer, but the TCL group announced that it intends to implement the privatization of China's optoelectronic display. After the completion of the acquisition, China will become a photoelectric Huaxing Power holding subsidiary, the ultimate controlling shareholder is still TCL group.

It is reported that Huaxing Power through its wholly owned subsidiary of HIGH VALUE in April 27th to HK $0.9 per share agreement of acquiring company and other ten BVI companies held by the shareholders of photoelectric, 1 billion 94 million shares, accounting for photoelectric current total share capital of 53.81%, the price of approximately HK $984 million (about 842 million yuan).

TCL sources told reporters that this is the layout of the field in the field of optoelectronic display module, which can effectively make the Huaxing photoelectric panel technology and the display of the integrated display technology. As early as in 2013, Huaxing Electric on the associated with the associated company in Hongkong Huaxing together with 446 million yuan acquisition of China reflected Shenzhen LCD module plant of 100% stake in order to improve the layout of TV display module.

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