Tcl raises 5.66 billion yuan to expand huaxing photoelectric 8.5 generation panel production line

This morning, TCL group stock trading. Analysis that the move or with TCL Group proposed to raise capital 5.66 billion Yuan project. Tcl Group's increase in funding, there are several important information points:

1, fund-raising data: 2.09 yuan per share of the price to 10 specific objects issued no more than 2,727,590,000 shares, raise capital of 5.66 billion yuan.

Among them, the nine days of Li control also become one of 10 specific objects, will be funded 854 million subscription 408 million shares. Another specific object, Dongxing Huarui, for TCL Group Backbone staff and partners. Funded 946 million yuan.

Tcl Group Dong Liao to the sharp observation that TCL executives and core staff of the total subscription of financial more than 1.5 billion yuan, lock-up period of 36 months. China opened a financial subscription of 1.5 billion yuan, purple light communication subscribed to 1 billion. Other investors are CITIC Capital, broadband capital, and the Silver Fund.

2, fund-raising uses: of which 4 billion yuan photovoltaic second 8.5 generation of TFT-LCD production line construction project.

The second line of Huaxing photoelectric, investment 24.4 billion. Products to 42-inch and 65-inch-oriented. In addition, OLED TVs and TFT-LCD TV panels will be produced on product classifications.

3, future prospects. Tcl believes that the next 5 years, TFT-LCD panel sales revenue will reach 142.7 billion U.S. dollars, which is TCL heavy investment in the second line of the reason.

4, Executive remarks: TCL chairman Li to Sharp observation that huaxing in the operating profit rate and net profit margin is higher than the BoE, group creators, friends and LGD. The fund-raising is mainly used for the second production line. However, Li also deliberately mentioned that after the second production line, Tcl opened the third production line will not need to raise funds.

On the upcoming new production line, Li to sharp observation that next year May 14, the second production line into production, June 14 production. The third production line commenced on September 16, 2014 and was put into operation in April in 2016.