TCL Technology has issued an announcement regarding its intent to acquire a 21.5311% equity stake in Shenzhen China Star Optoelectronics Semiconductor Display Technology Co., Ltd. from Shenzhen Major Industrial Development Phase I Fund Co., Ltd. This acquisition will be funded through a combination of share issuance and cash payments. Additionally, TCL Technology plans to issue shares to no more than 35 eligible investors to raise funds in support of this transaction. The Mergers and Acquisitions Reorganization Review Committee of the Shenzhen Stock Exchange will soon review these transactions, with the exact meeting date yet to be determined. The successful completion of this transaction is contingent upon approval from the Shenzhen Stock Exchange and the registration approval from the China Securities Regulatory Commission. Therefore, the final outcome and timing of the transaction remain uncertain.
