China Display Optoelectronics Technology (HKG:0334) said it was revising its sale and purchase agreement with major shareholder TCL Technology Group (SHE:000100) to meet demand, according to a Hong Kong bourse filing Tuesday.
Shares of the LCD modules seller jumped over 14% in afternoon trade Wednesday.
The company proposed increasing its 2025 sales revenue limit to 60% from 50% of total revenue to meet large orders.
It also proposed raising its 2025 sales cap to TCL to 4.2 billion yuan from 2.5 billion yuan, and its 2026 cap to 3.8 billion yuan from 3 billion yuan.
The 2027 cap would remain unchanged at 3.6 billion yuan.
Purchases from TCL would also rise, with the 2025 cap lifted to 3.2 billion yuan from 2.5 billion yuan, the 2026 cap to 3.8 billion yuan from 3 billion yuan, and the 2027 cap to 4.2 billion yuan from 3.6 billion yuan.
The proposals are subject to shareholder approval which will be sought on Sept. 30.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。