TCL Group completes 4.5 billion directional additional issue will be strong industrial real estate

In Friday, TCL Group announced that the company for Huaxing photoelectric 8.5-generation LCD panel line of targeted additional funding has been successfully completed. Is，　　TCL has issued 1.301 billion shares in the form of non-public offerings, the issue price is 3.46 yuan per share, the total amount of fundraising is 4.502 billion yuan, plus the government of Guangdong province to grant the 8.5-generation LCD panel project of the financial aid funds of 500 million yuan, to meet the Huizhou of the capital investment in the 5 billion yuan demand.　　It is understood that this issue to raise capital investment in the first 8.5-generation LCD panel project completed, TCL will form an annual output of LCD TV module about 14 million production capacity, so that Tcl become the first LCD TV full industrial chain capacity of home appliances enterprises.　　In addition, the issue also won the recognition of industrial capital, Shenzhen City, Ping An innovative Investment Co., Ltd., Suning Electric Group Co., Ltd. and Shenzhen investment companies to subscribe to 241283236 shares, 144508671 shares and 144508671 shares respectively. The same day, Tcl also announced with Wantong Industrial in Wuxi signed the "further promotion of industrial real estate cooperation Framework agreement", both sides hope in the field of industrial real estate quickly bigger and stronger. Tcl said that the future will be a joint venture in the new industrial Resources Investment Company (hereinafter referred to as "a new creation") into its high-quality industrial properties, Wantong industry will provide seed funds to launch funds for the new innovation to further integrate the assets to provide adequate financial support.　　At the same time, the two sides reached a consensus, will be actively prepared to promote Wantong new company listed or launched REITs and provide maximum support. It is understood that at the beginning of 2008, Wantong Industrial and TCL Group held 55% and 45% of the joint venture to set up a new million, is the first real estate investment enterprises and large-scale manufacturing cooperation founded industrial real estate investment company. The joint venture company's Project brand "Wantong Industry", is committed to building into industrial production, and comprehensive research and development, entertainment, learning, catering, shopping, a series of ancillary facilities, a comprehensive industrial community.