TCL Tech gets approval for asset purchase, fundraising

TCL Technology Group Corp. (SZSE:000100) announced it has received approval from the China Securities Regulatory Commission (CSRC) for its plan to issue shares to acquire assets and raise supporting funds. The approval, documented under "Approval on Registration of TCL Technology Group Co., Ltd. to Issue Shares to Purchase Assets and Raise Supporting Funds" (Zheng Jian Xu Ke [2025] 1326), allows TCL to issue 986,292,106 shares to purchase a 21.5311% stake in Shenzhen China Star Optoelectronics Semiconductor Display Technology Co., Ltd., held by Shenzhen Major Industrial Development Fund Phase I. Additionally, TCL is approved to raise up to CNY 4,359,411,108.52 through a share offering to no more than 35 qualified investors. The approval is valid for 12 months.