Investment Summary

TCL Electronics Holdings Invests In Huizhou TCL Mobile Communication Co.

On December 20, 2001, TCL Electronics Holdings invested in technology hardware company Huizhou TCL Mobile Communication Co. from Jasper Ace for 300M CNY

Investment Highlights
  • This is TCL Electronics Holdings’ 1st transaction in the Technology Hardware sector.
  • This is TCL Electronics Holdings’ 2nd largest (disclosed) transaction.
  • This is TCL Electronics Holdings’ 1st transaction in China.

Investment Summary

Date 2001-12-20
Target Huizhou TCL Mobile Communication Co.
Sector Technology Hardware
Investor(s) TCL Electronics Holdings
Sellers(s) Jasper Ace
Deal Type Stake Purchase
Deal Value 300M CNY

Target

Huizhou TCL Mobile Communication Co.

Huizhou, China
TCL Mobile is one of the 27 authorized GSM handset manufacturers and one of the 20 authorized CDMA handset manufacturers in the PRC. TCL Mobile has achieved such enormous success since establishment.

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Investor(S) 1

Investor

TCL Electronics Holdings

Sha Tin, China

Category Company
Founded 1999
Sector Electronics
Employees32,603
Revenue 99.3B HKD (2024)
DESCRIPTION

TCL Electronics Holdings is an entity that manufactures television sets worldwide. TCL Electronics Holdings was incorporated in 1999 and is based in Sha Tin, Hong Kong.


DEAL STATS #
Overall 1 of 3
Sector: Technology Hardware M&A 1 of 2
Type: Stake Purchase M&A Deals 1 of 2
Country: China M&A 1 of 3
Year: 2001 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-26 Huizhou TCL Mobile Communication Co.

Huizhou, China

TCL Mobile is one of the 27 authorized GSM handset manufacturers and one of the 20 authorized CDMA handset manufacturers in the PRC. TCL Mobile has achieved such enormous success since establishment.

Buy CN¥811M

Seller(S) 1

SELLER

Jasper Ace

Hong Kong, China

Category Company
Founded 1998
Sector Consumer Products
DESCRIPTION

Jasper Ace Limited is an investment holding company,engages in production and supply of consumer products.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1