TCL Electronics Holdings (HK:1070) has released an update.
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TCL Electronics Holdings has announced a connected transaction involving the sale of production line equipment by its subsidiary, Huizhou TCL Mobile, to TCL Yuxin Zhixing for RMB18 million. This transaction, while exempt from requiring shareholder approval, is subject to reporting and announcement obligations under Hong Kong’s listing rules. The move reflects TCL’s strategic internal alignment and resource optimization within its subsidiaries.
For further insights into HK:1070 stock, check out TipRanks’ Stock Analysis page.
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