Uninterrupted and rare earth mine has nothing to do with TCL to build Samsung 7.5 generation panel line

Due to the failure to disclose major issues that have a significant impact on the stock price, TCL suddenly announced a temporary suspension of trading at noon yesterday, which aroused market concern. There are rumors that the reason for the suspension of the company was caused by "mining", but the company quickly denied it. The company announced last night that it intends to cooperate with Samsung Electronics and set up a joint establishment of Suzhou Samsung Electronics LCD Technology Co., Ltd., which is engaged in 7.5 generations. Line TFT-LCD panel production and sales.

Last night, TCL Group announced several major issues at the same time. The shareholding structure of its holding subsidiary, China Star Optoelectronics Co., Ltd. changed. Shenchao Technology intends to transfer its 15% stake in Huaxing Optoelectronics to Samsung Electronics. Upon completion of equity transfer, TCL will The Group, SST and Samsung Electronics respectively hold 55%, 30%, and 15% of the shares of China Star Optoelectronics. At the same time, TCL and Samsung Electronics, Suzhou Industrial Park and other three parties signed a contract to jointly establish Suzhou Samsung Electronics LCD Technology Co., Ltd., engaged in the production and sales of 7.5 generation TFT-LCD panel, TCL invested 100 million US dollars, holds Suzhou Samsung Electronics Liquid Crystal Display Technology Co., Ltd. 10% equity.

According to the announcement, Huaxing Optoelectronics will provide ODM services for LCD products according to the needs of Samsung Electronics. The cooperation period is five years, and the cooperation will be negotiated after the production of Huaxing Optoelectronics is completed. The highest supply volume can account for 15% of the production capacity of Huaxing Optoelectronics' 8.5-generation LCD panel, and about 2.1-2.5 million LCD TV modules.

TCL Group stated that the signing of the ODM cooperation agreement between the two parties will not only provide a strong guarantee for the release of Huaxing's production capacity, but also enable the strategic cooperation between the two parties to be upgraded to the upstream of the industrial chain.

Yesterday, TCL opened higher and opened higher. As of midday, TCL rose 6.79% to close at 5.82 yuan. In the last 7 trading days, TCL has risen more than 30%.

The company's stock price rose before the temporary suspension of trading caused a lot of speculation in the market, there are market rumors that the suspension or related to rare earth ore, the company will choose the opportunity to sign the world's largest investment in the development of Xinjiang's rare earth ore, the proven reserves of the mineral More than the current domestic proven reserves. Rumors or news from the previous discussion on cooperation between TCL and Xinjiang on mineral energy development.

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