Huaxian Optoelectronics Wins 59.2 Million Shares In Huaxing Optoelectronics On The 2nd
- Jun 28, 2018 -

According to the latest news from the Hong Kong Stock Exchange, Hua Hin Photoelectric Technology Co., Ltd. was awarded by Shenzhen Huaxing Optoelectronics Technology Co., Ltd. on the 21st and the 22nd at the average price of 0.7016 HKD and 0.7297 HKD respectively. In total, it has increased its holdings of 592,000 shares and involved approximately HK$423.37 million. After the increase in holdings, the shareholding of China Star Optoelectronics has increased to 1,097,447,777 shares, and its shareholding ratio has increased from 52.56% to 52.59%.

Originally, Hua Hin Optoelectronics was controlled by TCL Industrial and later acquired by China Star Optoelectronics. Currently, it is controlled by China Star Optoelectronics.

Holding by Huaxing Optoelectronics is of great significance to Huaxian Optoelectronics, because Huaxing Optoelectronics has something that Huaxian Optoelectronics has always dreamed of - panels. After all, the panel accounts for 40% to 50% of the cost of the module. Huaxing Optoelectronics has two production bases located in Shenzhen and Wuhan respectively. The production line in Shenzhen mainly produces television panels. The production line in Wuhan mainly produces small-size panels for smart phones; Wuhan's production lines are closely related to Huaxian Optoelectronics.

Huaxing Optoelectronics and Huaxing Optoelectronics are both affiliated with TCL Group. TCL Group has been implementing its “vertical industrial chain” integration strategy in recent years in order to open the entire industry chain of “panel-module-to-machine”; from 2011, it is Actively expand panel production capacity, first to produce TV panels, and later to produce cell phone panels. The adjustment of the controlling shareholder of Huaxian Photoelectric Co., Ltd. is in line with the long-term development strategy of the entire group, and it can exert synergy effects among various industries within the group.