An announcement from China Display Optoelectronics Technology Holdings Ltd ( (HK:0334) ) is now available.
China Display Optoelectronics Technology Holdings Ltd announced a connected transaction involving the acquisition of equipment from Wuhan CSOT, a subsidiary of TCL Technology. The transaction, valued at approximately RMB10.7 million, involves the purchase of 34 devices for LCD module production. This acquisition is classified as a connected transaction under Hong Kong’s Listing Rules, but it is exempt from the requirement for shareholder approval due to the applicable percentage ratios.
More about China Display Optoelectronics Technology Holdings Ltd
China Display Optoelectronics Technology Holdings Ltd operates in the optoelectronics industry, focusing on the production of LCD modules. The company is a subsidiary of TCL Technology, which holds a significant controlling interest.
YTD Price Performance: -10.0%
Average Trading Volume: 9,381
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €50.24M
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