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Here's Why TCL Technology Group (SZSE:000100) Is Weighed Down By Its Debt Load
Express News | Tcl Technology Says Unit Becomes Preferred Bidder for Stakes of LG Display's Two Units
TCL Huaxing has become the priority bidder for LGD Guangzhou's equity bidding, further increasing industry concentration.
On the evening of August 1st, TCL Corporation (000100.SZ) announced that its subsidiary, TCL Huaxing, became the priority bidder for the equity bidding of LGD Guangzhou Factory's 8.5-generation LCD plant. TCL Corporation stated that, in order to further enrich the semiconductor display production line technology, deepen international customer cooperation strategies, and enhance industrial collaboration effects, TCL Corporation's subsidiary, TCL Huaxing, recently participated in the bidding of 70% equity of LG Display (China) Co., Ltd. and 100% equity of LG Display (Guangzhou) Co., Ltd. and received a quote on August 1, 2024 from LG DISPLAY.
China Galaxy Securities: Panel industry continues to decline, while AMOLED phones are in high demand.
China Galaxy Securities released a research report stating that the promotion performance of the panel industry was lower than expected, and terminal demand was slightly weak. However, the trend towards larger TV panels and increased penetration of AMOLED smartphones are still the main driving forces for industry development.
TCL Huaxing shakes up the esports display market.
Esports displays now account for more than half of the market.
LGD's Guangzhou factory trade may land, and the consolidation of the panel industry is accelerating. It is expected that the voice of Chinese-funded manufacturers will be further enhanced.
Recently, it has been rumored in the market that the sale of LGD Guangzhou factory has entered the sprint stage. According to the Korean media ETNews, the buyer's due diligence for the project has been completed, and the two parties involved in the transaction have entered the negotiation stage of bargaining and trading terms. All three companies participating in the acquisition are mainland Chinese manufacturers, and the relevant transactions are accelerating. Market analysts believe that although the identity of the final buyer has not been confirmed yet, it is basically certain to be a mainland Chinese manufacturer; the production capacity of LGD Guangzhou factory is considerable, and the sale of this project means that LGD and other Korean enterprises will completely withdraw from the LCD field and accelerate the further integration of global LCD production capacity into mainland Chinese manufacturers.
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