TCL does not give up priority transfer rights, 3.2 billion centralized power Huaxing Optoelectronics

TCL Group announced that Shenzhen Shenchao Technology Investment Co., Ltd. (hereinafter referred to as “Shenchao Investment”) has publicly listed and transferred 30% equity of Shenzhen Huaxing Optoelectronic Technology Co., Ltd. (hereinafter referred to as “Huaxing Optoelectronics”) through Shenzhen United Assets and Equity Exchange. The company will participate in the bidding of the equity according to the listed equity transfer price. Since the transaction adopts the public listing method to collect the intended transferee, the company cannot ensure that it becomes the ultimate transferee.

TCL said that according to the public information of Shenzhen United Assets and Equity Exchange, Shenchao Investment listed its 30% stake in Huaxing Optoelectronics on the Shenzhen United Assets and Equity Exchange on March 1, 2013, with a listing price of RMB 3.181 billion, the listing deadline. For March 28, 2013. The company plans not to give up priority transfer and participate in the bid.

If the bid is successful and the transaction is completed, the company will hold an 85% stake in Huaxing Optoelectronics.

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