Philips to Boost Stake in China TV Maker

    SHANGHAI: A unit of Royal Philips Electronics NV, Europe"s largest consumer electronics maker, will buy an additional 5 percent stake in Chinese television and mobile phone maker TCL Corp., becoming the company"s third-largest shareholder, TCL said Wednesday. Philips Electronics China BV. will pay 204.5 million yuan ($25.3 million) for 129.3 million TCL shares, bringing its total stake in the Chinese company to 7.46 percent, TCL said in a statement to the Shenzhen Stock Exchange, where its shares are traded. It said the deal still requires government approval.

Source: AP

    https://www.chron.com/disp/story.mpl/ap/business/3551325.html

菲利普增加在TCL的持股

    上海：TCL周三表示，欧洲最大的民用电子制造商皇家菲利普电子的中国子公司将再收购中国电视手机制造商TCL集团(行情,论坛)的5％的股份，成为TCL的第三大股东。TCL在深圳证券交易所的公告中表示，菲利普电子中国公司将出资2.045亿人民币（2530万美元）收购1.293亿TCL的股票，这使菲利普在这家中国公司的持股上升到7.46％。TCL的股票在深圳证券交易所交易，它表示，这次交易还需要得到政府的首肯。