国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

TCL cuts funds target from private placement

(Agencies)
Updated: 2007-12-02 10:33

Consumer electronics maker TCL Corp said its board has approved a proposal to reduce the target size of the funds to be raised from a planned private placement to 1.696 billion yuan ($229.5 million), compared with 2.296 billion yuan previously.

In a statement filed to the Shenzhen bourse, the company said that it made the reduction based on a scale-back in investment in a subsidiary, lowering its working capital needs. In addition, chairman Li Dongsheng will buy 18 percent of the new shares to be issued as a strategic investor.

According to the previous plan announced in June, up to 650 million yuan of the proceeds were to be used to boost the company's stake in TCL Multimedia Technology Holdings, while another 250 million yuan was to be used to supplement working capital.

Under the revised plan, TCL said that it will issue 200-380 million additional A-shares, down from the previous 600 million, to a maximum of 10 institutional investors.

Up to 742.46 million yuan of the proceeds will be invested in the production of small and medium-sized liquid crystal display (LCD) panels, and up to 653.91 million yuan will be invested in the output of large, high-definition LCD panels.

The remainder will be injected in a Hong Kong-based subsidiary.


(For more biz stories, please visit Industry Updates)



Related Stories  
清水县| 宁陵县| 冕宁县| 布拖县| 抚松县| 远安县| 安塞县| 密山市| 海阳市| 于都县| 濮阳县| 兴文县| 西畴县| 柳州市| 梅州市| 麻城市| 乐昌市| 新化县| 延津县| 禹州市| 武义县| 镶黄旗| 台北县| 大邑县| 内黄县| 兴隆县| 礼泉县| 新野县| 庄河市| 蒲城县| 台前县| 宣化县| 雷波县| 临海市| 彭阳县| 利津县| 庆安县| 香港 | 句容市| 民丰县| 泾川县|