Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

TCL to Hold Off on Spinoffs
Apr 12, 2004
 Printable format
 Email this Article
 Search

TCL Corp., a major Chinese consumer electronics and mobile-phone maker undergoing restructuring, has no plans to spin off and list other units for at least a year, the state-owned China Securities Journal reports.

The Shenzhen-based firm is already preparing to spin off its mobile handset business and list it in Hong Kong.

"After listing TCL's mobile phone unit, the company will not list other units for the next 1 or 2 years," Chen Huaming, TCL's board secretary, told the newspaper.

TCL Corp. recently said that its partly-owned mobile handset business applied to be listed on the Hong Kong stock exchange through a holding company.

The move is part of restructuring efforts that included TCL Corp. debuting on the Shenzhen Stock Exchange earlier this year in place of a former unit that was merged with the parent in a stock-swap initial public offering. (Dow Jones)

Back to Daily News

 

Daily News

...........................................................

Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

Jul 22, 2014: Whirlpool Launches Hybrid Heat Pump Dryer

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows