Huaxing Optoelectronics layout display module field, 840 million purchase Huayin Optoelectronics over half of the shares

On May 2nd, TCL Group issued the Voluntary Announcement on Huaxing Optoelectronics' Acquisition of Huaxian Optoelectronics. According to the announcement, Huaxing Optoelectronics acquired a 53.81% stake in Huaxian Optoelectronics held by TCL Group and 10 other companies through its agreement with High Value Ventures Limited, a company incorporated in the British Virgin Islands.

The acquisition is a comprehensive tender offer, but TCL Group announced that it has no intention of privatizing Huaxian Optoelectronics. After the completion of the acquisition, Huaxian Optoelectronics will become a holding subsidiary of Huaxing Optoelectronics, and the ultimate controlling shareholder will still be TCL Group.

It is reported that Huaxing Optoelectronics acquired a total of 1.094 billion shares of Huaxian Optoelectronics held by the company and other ten BVI shareholders through its wholly-owned subsidiary HIGH VALUE on April 27 at a price of HK$0.9 per share, accounting for the current total share capital of Huaxian Optoelectronics. 53.81%, the consideration is about 984 million Hong Kong dollars (equivalent to about 842 million yuan).

TCL people told reporters that this is another layout of Huaxing Optoelectronics in the field of display modules, which can effectively integrate the panel technology of Huaxing Optoelectronics with the display module technology of Huaxian Optoelectronics. As early as 2013, Huaxing Optoelectronics together with its affiliated company, Hong Kong Huaxing, acquired a 100% stake in Huaying Shenzhen LCD Module Factory for 446 million yuan to improve the layout of TV display modules.


Dual Battery Manager

Dual Battery Manager,Smart Car Dual Battery Manager,Dual Battery Isolator,In-Vehicle Dual Battery Chargers

SUZHOU DEVELPOWER ENERGY EQUIPMENT CO.,LTD , https://www.fisoph-power.com

Posted on