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BRIEF-TCL unit to raise stake in Tonly Electronics Holdings to 49.84 pct
September 25, 2017 / 7:01 AM / in 25 days

BRIEF-TCL unit to raise stake in Tonly Electronics Holdings to 49.84 pct

Sept 25 (Reuters) - TCL Corp :

* Says its wholly owned Hongkong-based industry subsidiary plans to buy 5.2 million shares of Tonly Electronics Holdings Limited

* Transaction amount is HK$50.3 million

* Says the unit’s stake in target company will be raised to 49.84 percent from 47.85 percent

Source text in Chinese: goo.gl/bLu4ps

Further company coverage: (Beijing Headline News)

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