Nanjing Huadong Electronics Information & Technology Co., Ltd. cancelled the acquisition of additional 2.57% stake in TPV Technology Limited from Innolux Corporation.
October 20, 2022
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Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) agreed to acquire acquire additional 2.57% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) for approximately CNY 400 million on March 12, 2021. As per terms of transaction, Nanjing Huadong Electronics Information & Technology Co., Ltd. acquired 60.2 million shares at CNY6.6706 per share by issuing 211.352693 million shares. The lock-up period for the consideration shares is 12 months starting from the issuance date. Transaction is subject to statutory approval. Mengta Wu of Crowe Horwath (TW) CPAs acted as an accountant for Innolux Corporation.
Nanjing Huadong Electronics Information & Technology Co., Ltd. (SZSE:000727) cancelled the acquisition of additional 2.57% stake in TPV Technology Limited from Innolux Corporation (TSEC:3481) on October 21, 2022.
TPV Technology Co Ltd, formerly Nanjing Huadong Electronics Information & Technology Co Ltd, is a China-based company principally engaged in the research and development, manufacturing, sales and service of display products. The Company operates its businesses through three segments. The Display segment is engaged in the production of computer monitors, wide screens, curved surfaces, e-sports and commercial displays. The Television (TV) Segment develops smart TV technology based on market conditions and user needs, and provides smart TV products that meet the consumer's audiovisual experience. The Other Business segment is mainly engaged in the sales of audio-visual products, spare parts, phones, tablets and all-in-one computers. The Company distributes its products both in the domestic market and to overseas markets.
Nanjing Huadong Electronics Information & Technology Co., Ltd. cancelled the acquisition of additional 2.57% stake in TPV Technology Limited from Innolux Corporation.
TPV TECHNOLOGY CO., LTD. 
