Truly International Plans to Bid for an Additional 11% Stake in Truly RS

MT Newswires Live

Oct 23

Truly International (HKG:0732) plans to bid for an additional 11.43% stake in its associate Truly (Renshou) High-end Display Technology through two public tenders, for a total consideration of up to 1.05 billion yuan, according to a Wednesday Hong Kong bourse filing.

Shares of the LCD product manufacturer were down nearly 1% in Thursday morning trade.

The bids will be made via its subsidiary Truly Opto-Electronics, which currently owns 29.69% of the display manufacturer.

The remaining shares are held by Renshou Industries with 64.29% and Renshou Jian No. 1 L.P. with 6.02%.

If both bids are successful, Truly Opto-Electronics' stake in the unit will increase to 41.13%, while the company will continue to account for Truly RS as an associate.

The tenders, to be conducted through the Southwest United Equity Exchange, are expected to take place in the first and second halves of 2026, the company said, adding that payment will be funded through internal resources.

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