TCL Group invested 24.5 million yuan to set up joint venture company

NetEase Financial July 15, TCL Group Wednesday Evening Notice that the company's holding subsidiaries Huizhou TCL Electrical Appliances Sales Co., Ltd. and Toshiba Corporation to jointly establish joint venture.　　The announcement shows that the registered capital of the joint venture company is RMB 50 million, of which the TCL sales company contributed RMB 24.5 million, accounting for 49% of the registered capital of the joint venture company, and Toshiba invested 25.5 million yuan, accounting for 51% of the registered capital of the JV company. Tcl said that the strategic cooperation will be the company's entire industry chain advantages and strong in the Chinese market production, sales capacity and Toshiba's technical capabilities, in line with the strategic needs of both sides in the upstream and downstream extension of the industry chain. By implementing the strategy, the company will share its results through joint ventures. Meanwhile, the company will be ODM to the joint venture to provide color TV products, can promote the company's LCD TV manufacturing business growth, conducive to further expansion of the company's production capacity, reduce the overall cost, and can promote the company's LCD module project and 8.5-generation LCD panel Project smooth operation, improve the company's scale efficiency and research　　Supply chain management and other aspects of competitiveness. As of 15th closed, TCL Group reported 3.86 Yuan, down 1.03%.