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TCL Technology has made an announcement stating that its subsidiary, TCL CSOT Photoelectric Technology Co., Ltd., has successfully procured an 80% equity interest along with the associated creditor's rights in Fujian Zhaoyuan Optoelectronics Co., Ltd. This acquisition was made from Fujian Electronics & Information (Group) Co., Ltd., with the transaction amounting to 490 million yuan. The primary objective behind this acquisition is to bolster TCL CSOT's strategic positioning in the realm of next-generation display technologies, amplify its core technological assets, and foster long-term competitive edge. Upon the completion of this transaction, Fujian Zhaoyuan Optoelectronics Co., Ltd. will be brought under the umbrella of TCL Technology's controlled subsidiaries.
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