• Thu
  • Dec 18, 2014
  • Updated: 2:53am

TCL Multimedia Technology Holdings

Tonly spin-off lets TCL Multimedia focus on TVs

TCL Corp, the ultimate holding company of TCLM and Tonly, will own 61.3 per cent of Tonly after it lists.

The proposed spin-off of Tonly, which was announced by TCLM earlier this year, will be carried out by way of introduction. This enables a company to list without funds being raised.

Friday, 19 July, 2013, 5:25am

TCL's net profit falls 32.5pc to HK$210m

TCL's net profit falls 32.5pc to HK$210m

Television maker TCL Multimedia Technology said its net profit fell 32.5 per cent to HK$210 million in the first quarter of the year.

25 Apr 2013 - 6:15am

TCL Multimedia buys LCD unit

TCL Multimedia Technology Holdings, one of the mainland's biggest television manufacturers, has landed a deal to buy the liquid crystal display module business of TCL Optoelectronics Technology (Huizhou) from its parent firm, TCL Corp.

29 Jun 2011 - 12:00am

TCL returns to black on sales of flat-screen TVs

TCL Multimedia Technology Holdings, one of the world's top three television makers by unit sales, returned to a profit in the first quarter, thanks to sales of flat-screen television sets.

30 Apr 2008 - 12:00am

TCL Multimedia slashes net loss 90pc after European restructuring

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, said net loss last year shrank 90 per cent after it completed the restructuring of its unprofitable European business.

14 Mar 2008 - 12:00am

TCL Multimedia cuts loss after Europe exit

TCL Multimedia Technology Holdings, one of the world's top three television makers by unit sales, said its first-half loss narrowed by 86 per cent thanks to the closure of its loss-making operation in Europe.

8 Aug 2007 - 12:00am

TCL expects profits at Europe unit

Executives of TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, said the firm's newly established European business was expected to post a profit next year, thanks to a revamp of its operations there.

1 Jun 2007 - 12:00am

TCL's European venture files for insolvency

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, said its European business had filed a declaration of insolvency because it was unable to settle outstanding debts.

TCL Multimedia's failed venture highlights setbacks for some mainland household names that may have been too aggressive when pushing for expansion in overseas markets.

26 May 2007 - 12:00am

TCL Multimedia seeks US$140m from debt issue

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, plans to raise US$140 million by selling convertible bonds to repay debt.

Deutsche Bank had secured subscription for at least US$300,000 worth of the issue, and the bank may find other independent buyers for the bonds, TCL Multimedia said.

23 May 2007 - 12:00am

TCL taps market for HK$780.6m

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, plans to raise HK$780.6 million by selling rights shares.

The company yesterday said it would sell 1.95 billion rights shares at 40 HK cents each. Shareholders would be entitled to buy one rights share for every two shares held.

17 May 2007 - 12:00am

TCL Multimedia eyes funds as loss widens to HK$2.7b

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, said it was looking at various fund-raising options after its net loss increased 354 per cent to HK$2.7 billion last year due to higher restructuring costs in its European operations.

Sales fell 10.5 per cent to HK$29.08 billion, from HK$32.5 billion in 2005.

1 May 2007 - 12:00am

TCL, Europe unit sued for infringing TV patents

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, and its European subsidiary, Thomson TCL Electronics, are being sued by South Korea's LG Electronics for infringing four digital television patents.

13 Feb 2007 - 12:00am

Huge European provisions hurt TCL

Television maker sees losses widen after failure to judge consumer tastes abroad

TCL Multimedia Technology Holdings, the world's biggest television maker by unit sales, said net loss widened by more than 16 times as poor judgement on European markets forced it to set aside massive provisions for unsold stocks.

31 Aug 2006 - 12:00am

Earnings warning knocks TCL

Mainland manufacturer may post substantial first-half loss after failing to cope with high demand in Europe for flat TVs

Shares of TCL Multimedia Technology Holdings yesterday fell to a near five-year low after warning it could post a substantial first-half loss because of 'much worse than expected' earnings at its European operation.

12 Jul 2006 - 12:00am