News Column

TCL to Raise CNY5.7bn for CSOT 8.5G TFT-LCD Project

August 15, 2014

BEIJING, August 15, SinoCast -- TCL Corporation intended to issue 2.728 billion shares to ten specific investors at CNY 2.09 a share or CNY 5.7 billion in total.

Deducting the issuance cost, the raised capital will be used to build the 8.5-general TFT-LCD project for CSOT and supplement the working capital.

TCL Corporation Chairman Li Dongsheng and employees planned to spend CNY 1.801 billion to subscribe for 862 million shares in total.

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Source: Sinocast Consumer Products Beat (China)

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