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The Tianjin government is in early discussions to sell stakes in Tianjin Zhonghuan Semiconductor and Tianjin Printronics Circuit to TCL, either through direct stake sales or by acquiring control of the major shareholder.
“The government of Tianjin is in early talks to sell stakes in two of its listed technology firms to Chinese consumer electronics giant TCL.”scmp.com
Summarized from public sources; check the original articles before acting on it.