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TCL Electronics Details Connected Transaction in Equipment Disposal
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TCL Electronics Details Connected Transaction in Equipment Disposal

Story Highlights
  • TCL Electronics operates in the electronics industry with a focus on production line equipment.
  • The company disclosed details about the valuation process for its equipment disposal transaction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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TCL Electronics Holdings ( (HK:1070) ) just unveiled an announcement.

TCL Electronics Holdings Limited announced a supplemental release regarding the disposal of its production line equipment, which is categorized as a connected transaction. The valuation of this equipment was conducted using the cost approach, considering the replacement cost and the comprehensive newness rate. This announcement provides additional details on the valuation process, ensuring transparency for shareholders without affecting previous disclosures.

More about TCL Electronics Holdings

TCL Electronics Holdings Limited is a company incorporated in the Cayman Islands and is involved in the electronics industry. The company is known for its production line equipment and operates under the stock code 01070 on the Hong Kong Stock Exchange.

YTD Price Performance: -4.12%

Average Trading Volume: 3,586

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.04B

Find detailed analytics on 1070 stock on TipRanks’ Stock Analysis page.

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