TCL Tech gains control of Shenzhen Huaxing Optoelectronics
** TCL Technology Group Corp has cleared a major hurdle in its plan to consolidate its position in the semiconductor display sector. The company received approval from the Shenzhen Stock Exchange's Merger and Acquisition and Reorganization Examination Committee for its proposal to issue shares and pay cash to acquire the 21.5311% equity stake in Shenzhen Huaxing Optoelectronics held by the Shenzhen Major Industry Development Fund Phase I. With this acquisition, TCL Tech will control 84.2105% of Shenzhen Huaxing.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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