TCL Buys Stake in Semiconductor Firm for 845 Million Yuan; Shares Up 3%
TCL Technology (SHE:000100) agreed to acquire a 2.37% stake in Zhonghuan Leading Semiconductor Technology for 844.9 million yuan, according to a Saturday filing on the Shenzhen bourse.The Chinese electronics company's shares rose 3% during Monday's afternoon trade.The stake, which represents 127,828,649 shares, was bought from nine shareholders.