Acquisition

TCL BUYS OUT MARKETING PARTNER

PUBLISHED : Thursday, 06 March, 2003, 12:00am
UPDATED : Thursday, 06 March, 2003, 12:00am

TCL International Holdings has agreed to buy the remaining 30 per cent stake in an overseas marketing joint venture, Team Way, from its partner Great Wall Cybertech for HK$3 million. Team Way, which sources, manufactures and distributes television sets and other audio-visual equipment overseas, will become wholly owned by TCL International.