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TCL Huaxing Acquires 20% Stake in LGDCA for RMB 2.615 Billion
2025-01-11
On the evening of January 10, TCL Technology announced that its subsidiary, TCL Huaxing Optoelectronics Technology Co., Ltd. (TCL Huaxing), had successfully acquired a 20% stake in LG Display (China) Co., Ltd. (LGDCA) from Guangzhou Hi-Tech Zone Science and Technology Holding Group Co., Ltd. for a sum of RMB 2.615 billion through the Guangzhou Property Rights Exchange. Both parties have inked a property rights transaction contract, which will become effective upon fulfillment of all relevant conditions.
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