TCL Group denies Huaxing Optoelectronics' participation in Shenzhen Textile Equity Auction

Some media reports said that the takeover of the shares of Shenzhen Textile A (000045) is likely to be Huaxing Optoelectronics, which really caused a lot of speculation in the market. However, TCL Group (000100) announced on the 19th that the relevant rumors were not true, and the subsidiary Huaxing Optoelectronics will not participate in the share transfer of Shenzhen Textile A.

On March 18th, the Shenzhen Stock Exchange issued an emergency announcement. Due to media reports on the undisclosed information of Shenzhen Textile A, the Shenzhen Stock Exchange temporarily suspended the A shares and B shares (200045) from the market on March 18. . In addition, the temporary suspension of the TCL Group.

The reporter learned that the above media speculation may stem from a notice of Shenzhen Textile A on March 17, which shows that the company's controlling shareholder Shenzhen Investment Holdings Co., Ltd. (hereinafter referred to as Shenzhen Investment Control) intends to pass the public collection and transfer The party's way of agreement transfers the part of the company's shares held by the company. At the same time, Shenzhen Investment Control has limited the qualifications that the transferee should have, including “working in flat panel display related industries, continuing to operate for more than three years, continuous profitability in the last two years and no major violations of laws and regulations”.

Shenzhen Shenchao Technology Investment Co., Ltd. (hereinafter referred to as Shenchao Technology), another major shareholder of Shenzhen Textile A, has close ties with Huaxing Optoelectronics, and Shenzhen Textile A is the only listed company engaged in the polarizer business in China, and the downstream major customers include Huaxing. Optoelectronics, recently, Shenzhen Textile also cooperated with international polarizer giant Nihon Optoelectronics to produce new polarizers. Therefore, some investors believe that Huaxing Optoelectronics can integrate the industrial chain and optimize the overall operating cost by taking over the deep textile A.

In addition, Huaxing Optoelectronics opened the second phase of Huaxing Optoelectronics last year, with an investment scale of 24.4 billion yuan. Currently, it is planning to build a third phase project of Huaxing Optoelectronics. The investment scale will reach more than 10 billion yuan, and financing needs are urgent. In addition, TCL previously stated in the announcement that the second phase of Huaxing Optoelectronics's investment was financed by Huaxing Optoelectronics itself. Huaxing Optoelectronics has only achieved profitability since 2013. At least three years will be required for independent listing. However, if it enters Shenzhen Textile A, it will be able to quickly have a financing platform.

However, this speculation in the market was unfortunately unsuccessful. TCL Group announced today that after the company verified the relevant situation with its controlling subsidiary Huaxing Optoelectronics, Huaxing Optoelectronics will not participate in the bidding for the equity transfer of Shenzhen Textile A. The above rumors are not true.

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