On December 15, TCL Technology (000100.SZ) announced that its controlled subsidiary, TCL Huaxing Optoelectronics Technology Co., Ltd., plans to acquire a 10.7656% stake in Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd., held by Shenzhen Major Industry Development Phase I Fund Co., Ltd., for a cash consideration of RMB 6.045 billion. After the transaction, TCL Technology's total ownership stake in Shenzhen Huaxing Semiconductor will increase from 84.2105% to 94.9761%, and it is expected that the company's profitability will be effectively enhanced.
