Home electronic-appliances maker TCL International Holdings will pay HK$341.82 million to buy a personal computer (PC) manufacturing unit from its parent, the company has announced.
TCL International will pay HK$153.82 million cash to its parent TCL Holdings to settle part of the cost of buying TCL Computer Technology.
The remainder will be paid through the issuing of 105.62 million TCL International shares at HK$1.78 each.
The issue price represents a 5.82 per cent discount to TCL International's Monday closing price of HK$1.89.
Shares in TCL International dipped three HK cents to close at HK$1.86 yesterday.
Tomson Li Dongsheng, chairman and chief executive of TCL International Holdings, said that the parent company had guaranteed profit of HK$35.98 million for this year.