TCL, a major TV and handset maker in China, is looking to issue new shares through private placement to raise 1.39 billion yuan (US$203.47 million) chiefly for funding its LCD module (LCM) business, according to a Chinese-language report featured on sina.com.
The Beijing News reported that TCL is moving in equipment at an LCM plant, a project started in collaboration with Samsung Electronics, with volume production slated for next year.
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