Date
17 October 2017

Tianma Micro in share placement for asset purchase, filing says

Tianma Microelectronics Co. Ltd. (000050.CN), a Shenzhen-based liquid crystal display (LCD) manufacturer, plans to raise around 5.4 billion yuan (US$879.5 million) in a private share placement to fund the acquisition of some thin-film-transistor LCD (TFT-LCD) assets, according to a filing late Monday. The shares will be placed at 12.69 yuan apiece. The move will help the company boost its production capacity and extend into the upstream industry.

–Contact HKEJ at [email protected]

KZ/AC/RC

 

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