St Avenue Logistic Sdn Bhd

SAN April 21 evening news, TCL Group (000100.SZ) announced on today signed with the Samsung LCD panels in China, investment in projects of mutual agreement and the mutual business cooperation agreement. Suzhou Samsung, TCL will be shared 10% of the project, while the corresponding shares of Samsung, Shenzhen China Star project 15%. 
 the specific content of the announcement: TCL Group Holdings subsidiary Huaxing a change in the shareholding structure of power, ultra-deep Huaxing Technology intends to hold its 15% stake in the transfer of power to Samsung Electronics, the equity transfer is completed, TCL Group Technology and Samsung Electronics of deep ultra-held Huaxing power were 55%, 30%, 15% of the shares. 
 the same time, TCL and Samsung Electronics, Suzhou Industrial Park and other constituents to sign contract to jointly set up Samsung Electronics Suzhou LCD Co., Ltd., in the 7.5-generation line of TFT-LCD panel production and sales, TCL invested 100 million U.S., holding Suzhou LCD Co., Ltd. Samsung Electronics 10% stake. 
 It is understood that Huaxing Electric is November 2009, the TCL and the Shenzhen Science and Technology Investment Co., Ltd. Super Light District in Shenzhen City, China set up the first 8.5 generation LCD FAB production company,Chanel Sunglasses cheap (http://www.replicasunglasseswholesaler.com/chanel-sunglasses-replica-c-3.html), the registered capital of 10 billion yuan, total investment of 24.5 billion yuan, the Shenzhen Municipal Jianshiyilai largest industrial investment in manufacturing projects. As with their own production technology and excellent technical personnel of enterprises, Huaxing power was in March 2011 to complete plant construction, is currently installing equipment, to be carried out trial production in August this year. 
 In addition,replica Cartier Sunglasses (http://www.replicasunglasseswholesaler.com/cartier-sunglasses-replica-c-13.html), Samsung Electronics intends to build a LCD panel in the Suzhou project is the State Development and Reform Commission last December approved two projects with foreign investment in one of the LCD panel, it will become the first foreign investment in China LCD panel factory. Samsung Electronics Suzhou LCD Co., Ltd. The registered capital of 10 billion U.S. dollars, total investment of 30 billion U.S. dollars; Suzhou invested in the construction board production line LCD FAB size of 1950 X 2250mm; estimated capacity of 100,000 / month; the main production 40 The two projects are highly complementary products, accessibility to production exchange and business cooperation.
 
 It was also announced, Samsung Electronics Huaxing Power will need to provide liquid crystal display products The ODM services and cooperation of a period of five years, cooperation in the effective time of birth shall be negotiated Huaxing power. Once the protocol as performed for a maximum total shipments of 8.5 generation LCD panel Huaxing power capacity of 15%, about 2.1 million -255 million units LCD TV modules.
 
 TCL Group, said that Samsung Electronics is an important strategic partner. The two sides Samsung Electronics Suzhou Huaxing power and cooperation on the project, will be shared projects in the LCD panel management experience, to achieve win-win situation. ODM cooperation agreement signed by both sides, not only for China Star release capacity to provide effective protection, but also can enhance the strategic cooperation of both sides to the industry chain.
 
 Samsung Electronics said that with the TCL's TV production business to further strengthen bilateral strategic partnership in the future to be consolidation in the LCD TV market position in China.
 
 industry generally believe that 8.5-generation line is the future mainstream TV panel production line project will promote the development of related upstream industries. Samsung equity investments 8.5 Huaxing power generation LCD panel production line, means that the project planning and development prospects of gaining peer recognition and support, market development for the future and lay the foundation for industrial development. (Old Yang)