TCL Technology: Intends to purchase 45.00% equity of Guangzhou Huaxing Optoelectronic Semiconductor Display Technology Co., Ltd. for 9.325 billion yuan, strengthening its core competitiveness in the semiconductor display industry.

Sina Finance reported on March 30th that TCL Technology announced that the company plans to purchase 45.00% equity of Guangzhou Huaxing Optoelectronic Semiconductor Display Technology Co., Ltd. held by Guangdong Hengjian Investment Holdings Co., Ltd., Guangzhou Chengfa Xingguang Investment Partnership Enterprise, and Science City Investment Group Co., Ltd. through the issuance of shares and payment of cash. The transaction price is 9.325 billion yuan. At the same time, the company plans to raise supporting funds of no more than 4.662 billion yuan to pay for the cash consideration of this transaction, intermediary fees, and related transaction taxes. After this transaction is completed, TCL Technology will directly and indirectly control 100.00% of the equity of Guangzhou Huaxing Semiconductor, further strengthening its core competitiveness in the semiconductor display industry.