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TCL Plans to Sell 45% Stake in TCL Digital Technology (Wuxi) for CNY101.5 m to Wantong Tianjin Industrial Investment
Source:InvestToChina  Date:2009-01-13

Brief Introduction:

Under the Proposal of Share Transfer for TCL Digital Technology (Wuxi) Co., Ltd, which was approved by the board of directors on December 29, 2008, TCL King Electronics (Huizhou) Co, a subsidiary of Shenzhen-listed TCL Corp<SZ000100> has agreed to sell a 45% stake in TCL Digital Technology (Wuxi) Co Ltd to Wantong Tianjin Industrial Investment Co Ltd for RMB101.5 million, TCL Group said in a statement on January 5. The deal is forecast to increase share transfer profits of CNY29.29 million to TCL Multimedia or CNY15.95 million to TCL Group according to the held shares.

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