A hero three help Tcl 8.5 generation line again supported

Tcl Group (000100) subsidiary Shenzhen Photovoltaic Technology Co., Ltd. 8.5-generation LCD panel project has been the financial support of local governments. TCL Group disclosed today, Huizhou Finance Bureau agreed to allocate 500 million yuan to the company financial aid funds. In accordance with the provisions of the interim measures for the administration of special subsidy funds for the introduction of TFT-LCD panel projects in Guangdong province, the Economic and Information Commission of Guangdong Province recently Guangdong Department of Finance approved to give Shenzhen huaxing Photoelectric Technology Co., Ltd. 8.5-generation LCD panel Project 1 billion yuan of financial aid funds, the way to the Shenzhen government and Huizhou the government to allocate 500 million yuan.　　On June 28, Tcl has just disclosed that the company and Huaxing have received a total of 552 million of the financial subsidy from the Shenzhen municipal government. Previously, the Shenzhen municipal government has repeatedly said to the huaxing photoelectric "help on the horse, send a Ride", the TCL Group and the star photoelectric high financial special subsidy, once again showed that the local government to the high generation of liquid crystal panel production line of support posture, showing the Shenzhen to become a new generation of color TV world's determination　　This time Tcl also received the Huizhou government to allocate 500 million yuan subsidy, can see local government to the project attention degree, and the project fund demand urgently. The 8.5-generation LCD panel project has been highly anticipated by TCL Group. A few days ago, the company has been approved by the SFC for the issuance of shares, the net amount of funds to be raised not exceeding 5 billion yuan, all for investment in huaxing photovoltaic LCD panel project.　　Tcl Chairman Li pledged to subscribe 250 million to 400 million yuan, and locked 3 years to support the 8.5 generation line project and TCL's long-term development. The project also received the support of major shareholders of TCL Group. June 30, the company disclosed that the major shareholder Huizhou Investment Holding Co., Ltd. will hold the TCL group 164 million shares pledged (accounting for 5.58% of the company's total share capital), the registration of equity pledge has been completed.　　Pledge period from June 28 to the quality of the person to apply for thawing, the funds will be all used to support the TCL8.5 line LCD panel of directional additional.　　Huizhou Holding is a Huizhou government authorized to operate the state-owned assets of a company, is also TCL Group's largest shareholder, this time as a strategic investor in the subscription, the subscription amount of 300 million yuan-500 million yuan. At present, huaxing 8.5-generation LCD panel production line project is progressing smoothly, from Japan and South Korea, Taiwan and mainland China's panel of Professional and technical personnel composed of technical team has been in place. Planned for the August 2011 trial production, the year four to achieve mass production, December 2012 reached full production. With an annual output of 26 inches to 32 inches, 46 inches and 55 inch LCD TV modules, about 17.5 million, most of the capacity will be digested by Tcl.