TCL denies IPO - ResearchInChina

Date:2007-06-26liaoyan  Text Size:

TCL.jpg

TCL Corp(stock code: 000542), China's biggest publicly listed electronics maker, said it may sell a stake in its computer unit to strategic investors, denying a report the company plans an initial public offering for the division.

TCL's computer unit lost 67.8 million yuan (US$8.9 million) last year on sales of 2.14 billion yuan, the Huizhou-based company told Shenzhen's stock exchange yesterday. China Business News reported on June 22 that TCL may sell shares in its computer unit if the company posts an annual profit for 2007, citing an unidentified company official.

2005-2011 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1