TCL Technology Group to Jointly Invest in OLED Factory in China

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Electronics manufacturer TCL Technology Group (SHE:000100) plans to invest in the construction of a Gen 8.6 printed OLED production line in Guangzhou, China.

The 29.5 billion-yuan project, a joint venture between subsidiary TCL CSOT and local government entities, aims to mass-produce advanced display panels for tablets, laptops and monitors, according to a filing with the Shenzhen bourse.

The parties agreed to contribute 14.8 billion yuan to the project company's registered capital, with TCL CSOT contributing 8.85 billion yuan and state-owned enterprises contributing 5.9 billion yuan.

The 24-month construction period will start in November.

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