# TCL实业控股 to make mandatory offer for Tonly Electronics after restructuring

TCL实业控股 (Hong Kong) holds 48.66% of Tonly Electronics after a restructuring and will make a mandatory cash offer of HKD 5.89 per share. The restructuring involved TCL Group selling assets for CNY 4.76 billion.

- Type: Acquisition
- Announced: 2019-10-02
- Where: Hong Kong SAR China
- Value: $670.0M (4.76B CNY)
- Status: announced
- Products: electronics manufacturing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL](https://endata.com/companies/23350.md) (acquirer)
- [TCL](https://endata.com/companies/23350.md) (partner)
- [Tonly Electronics](https://endata.com/companies/42476.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/241115.html), 2019-10-02: "本次重组为TCL的内部重组，卖方旨在集中资金、人力等资源以进一步聚焦半导体显示及材料等主营业务。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.