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About half of the shares of HK $490 million sale, where will TCL communications go

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About half of the shares of HK $490 million sale, where will TCL communications go
Recently, TCL group said, in order to further promote the subsidiary TCL communications technology strategic adjustment and business restructuring, in order to adapt to the rapid changes in the communications industry and the fierce competition in the market, and reduce the influence of TCL communication technology recent business downturn on the TCL group's overall performance improvement, the company owned subsidiary of TCL holdings intends to strategic investors Unisplendour Group Co. Ltd., Yunnan City Construction Investment Group Co., Ltd. three mobile communication industry chain or business resources to HK $490 million to transfer 627 million shares of TCL communication technology, TCL communication technology accounted for 49% of the total share capital. After the completion of the transfer, TCL communications technology is still the holding subsidiary of the TCL group. So the question is, why do TCL communications have to sell their own shares? Can you really save TCL after the share of the shares? Here, we might as well take a look at the performance of the TCL communication for the past two years. According to this year's April 7th TCL...
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