TCL Electronics to increase stake in Brazilian JV SEMP TCL to 80%

TCL Electronics Holdings will spend up to $409 million to double its stake in Brazil-based joint venture SEMP TCL to 80% via subsidiary TCL NL. The move is driven by the market potential for selling competitively priced TVs in Brazil.

“TCL Electronics Holdings said Thursday it will spend up to $409 million to double its stake in Brazil-based joint venture SEMP TCL to 80% via subsidiary TCL NL.”stage.communicationsdaily.com

• 1 source
• stage.communicationsdaily.comTCL Allocates $409M to Double Its Stake in Brazilian-Based Joint VentureJun 5, 2020

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