Core Viewpoint - TCL Technology has received approval from the China Securities Regulatory Commission for its major asset restructuring plan to acquire 21.5311% of Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd. through a combination of share issuance and cash payment [1][4]. Group 1: Acquisition Details - The acquisition involves a cash payment of 7.203 billion yuan and a share payment of 4.359 billion yuan, totaling 11.562 billion yuan for the 21.5311% stake, corresponding to a registered capital of 9 million yuan [2]. - Shenzhen Huaxing Semiconductor focuses on semiconductor display business, primarily producing, processing, and selling large-size TFT-LCD display devices, including TFT-LCD display devices and semiconductor display supporting materials [2]. Group 2: Current Ownership Structure - TCL Huaxing (a subsidiary of TCL Technology) directly holds and indirectly controls a total of 62.6794% of Shenzhen Huaxing Semiconductor, making it the controlling shareholder [2]. - The major industrial fund holds a 32.2967% stake, while Samsung Display holds a 5.0239% stake in Shenzhen Huaxing Semiconductor [2][3]. Group 3: Future Implications - Upon successful completion of the acquisition, TCL Technology will control 84.2105% of Shenzhen Huaxing Semiconductor, while the major industrial fund's stake will decrease to 10.7656% [4]. - This approval marks a significant advancement for TCL Technology in consolidating core assets of Huaxing Optoelectronics and enhancing control over the semiconductor display business, which will help deepen its layout in the display panel field and optimize resource allocation [4].
TCL科技收购深圳华星21.53%股权获批准