On the evening of May 27, Shenzhen Tianma A announced that it plans to establish A joint venture project company with its partners Wuhu Investment Fund and Jiuchuang Investment Fund to build A new display module production line project in Wuhu, Anhui Province, with A total investment of 8 billion yuan.
The registered capital of the joint venture project company is 4.8 billion yuan, among which Shentianma invests 2.5 billion yuan and holds 52.08% equity of the joint venture project company. Wuhu Investment Investment Fund invested 1.38 billion yuan, holding 28.75% of the equity; Jiuchuang Investment Fund invested 920 million yuan, holding 19.17% of the equity.
According to the announcement, the target market of the new display module production line project has two directions, one is 6.5-40 inch professional display module (including vehicle, industrial products, etc.), and the other is IT display module (including tablet, pen, monitor, etc.).
The implementation of this project is an important measure to implement the company's development strategy, which helps to further expand the company's display module production capacity, improve the market share and competitive advantage of display module market, and help the company seize the market opportunities of professional display and IT display. At the same time, the objective of the module production line can pull through panel production line with the company to realize the whole process, coordinated development, the formation of large-scale production advantages, complementary on surface of the technical, cost, is beneficial to reduce costs, improve efficiency, to enhance comprehensive strength in the field of display, consolidate and expand the company's leading position in the field of display.
Display products in small and medium size specification upgrade, terminal shows an restorative growth of demand in the future, under the situation of this project is a company in the field of new display and a major strategic layout, in line with the company strategic planning, will further deepen the company's long-term strategic cooperation with the customer, to improve the company's industry and business layout, further enhance the status is of great significance in the field of display, Will continue to strengthen the growth momentum of the company, accelerate the realization of the global display industry leader strategic goal.
