TCL Home Appliances Group Co., Ltd. completed the acquisition of 22.99% stake in Guangdong Homa Appliances Co., Ltd..
September 23, 2021
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TCL Home Appliances Group Co., Ltd. made an offer to acquire 22.99% stake in Guangdong Homa Appliances Co., Ltd. (SZSE:002668) for CNY 1.5 billion on August 24, 2021. Under the terms TCL Home Appliances Group Co., Ltd. 249.2 million shares for CNY 6 per share. The period of the tender offer is 30 natural days, that is, from August 26, 2021 to September 24, 2021. Pre acquisition TCL Home Appliances Group holds 269.6 million shares, accounting for 24.88% and Zhongxin Rongze holds 23.1 million shares, accounting for 2.13% of Guangdong Homa Appliances Co., Ltd. TCL Household Appliances Group has deposited CNY 300 million into the designated bank account within two trading days after the summary announcement date of the tender offer report, as the performance deposit for this tender offer. Jiayuan Law acted as legal and Shenwan Hongyuan Securities Underwriting Sponsor Co., Ltd. acted as financial advisor to TCL Home Appliances Group Co., Ltd.
TCL Home Appliances Group Co., Ltd. completed the acquisition of 22.99% stake in Guangdong Homa Appliances Co., Ltd. (SZSE:002668) on September 24, 2021. A total of 4,307 accounts tendered 255.7 million shares.
Guangdong Homa Group Co Ltd is a China-based company principally engaged in the design, manufacture and distribution of refrigerators. The Companyâs main products include refrigerators, wine coolers and refrigerator parts, among others. The Company distributes refrigerators under the brand name of Homa. The Company is also involved in financial technology business. The Company distributes its products in domestic market and to overseas markets.
GUANGDONG HOMA GROUP CO., LTD. 
