|
BIZCHINA / Light Industry |
TCL Corp plans listing for PC operationsBy ()
Updated: 2007-06-22 16:02 TCL Corp plans to list its personal computer operations on a domestic exchange. Preparatory works are ongoing, with an official start to the listing process if TCL Corp can turn profitable next year. In 2006, TCL Corp suffered a loss of 1.93 billion yuan because of losses at Hong Kong-listed unit TCL Multimedia Technology Holdings Ltd (TMT). However, the company returned to profitability in the first quarter with a net profit of 13.87 million yuan, and it also expects to be profitable in the first half of 2007. The PC unit is in talks with potential strategic investors before a possible listing next year. TCL Corp currently has three major businesses - color televisions, handsets and PCs. The first two are operated by TMT and another Hong Kong-listed unit TCL Communication Technology Holdings Ltd. (For more biz stories, please visit Industry Updates)
|
|