TCL ELECTRONICS sees a large transaction surge of 14.7%, reaching a 20-year high, plans to establish a joint venture with Sony
TCL ELECTRONICS (01070.HK) opened 15% higher this morning (21st) with an initial high of HKD 12.62, reaching a more than 20-year high since mid-2005. It is currently reported at HKD 12.49, up 14.69%, with trading volume surging to 17.8599 million shares (exceeding the entire day of the previous day), involving a capital of HKD 217 million.
The company recently signed a non-binding memorandum of understanding with Sony (6758.JP) to establish a joint venture company to undertake Sony's home entertainment business and conduct integrated business operations globally, including products such as televisions and home audio systems
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