Tcl Holdings And The Share Award Scheme Acquire Over 100 Million Shares Of Tcl Electronics (01070.Hk)
Acquiring Company
Share Award Scheme
Acquired Company
TCL Electronics Holding Ltd
Description
TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) is pleased to announce that, since the publication of the Company's interim results for the six months ended 30 June 2022 on 19 August 2022, its parent company T.C.L. Industries Holdings Limited ("TCL Holdings") has acquired over 25 million shares of the Company. The shareholding increase announcement was made by TCL Holdings in August 2021. During the period from the publication date of the Company's 2021 annual results announcement (i.e. 11 March 2022) till now, TCL Holdings has acquired over 90 million shares of the Company, increasing its interest in the Company by approximately 3.21 percentage points. At present, TCL Holdings is interested in over 1.35 billion shares in the issued share capital of the Company, representing approximately 54.03% of the total number of issued shares of the Company.
Quick answer
Share Award Scheme and TCL Electronics Holding Ltd are acquiring TCL Electronics Holding Ltd, announced October 12, 2022.
- How much did Share Award Scheme pay for TCL Electronics Holding Ltd?
- The deal value was not disclosed.
Source: Fundz verified event record.
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Frequently asked
Who acquired TCL Electronics Holding Ltd?
TCL Electronics Holding Ltd was acquired by Share Award Scheme. The deal was reported on October 12, 2022. Share Award Scheme is privately held.
When did Share Award Scheme acquire TCL Electronics Holding Ltd?
Share Award Scheme's acquisition of TCL Electronics Holding Ltd was reported on October 12, 2022. TCL Electronics Holdings Limited ("TCL Electronics" or the "Company", 01070.HK) is pleased to announce that, since the publication of the Company's interim results for the six months ended 30 June 2022 on 19 August 2022, its parent company T.C.L. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TCL Electronics Holding Ltd do?
TCL Electronics Holding Ltd. is a global consumer electronics brand and a leading technology company, known for its award-winning TVs, audio products, mobile devices, and appliances. It is publicly traded (TCLXY), operating in Manufacturing.
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