# TCL Electronics acquires TCL Communication from parent, sells Moka International

TCL Electronics (01070) announced it will acquire TCL Communication (100% stake) from its controlling shareholder TCL Industries for an undisclosed amount, and simultaneously sell its subsidiary Moka International (100% stake) to TCL Industries. The transactions aim to restructure the business, focusing on TCL-branded products and mobile communications.

- Type: Acquisition
- Announced: 2020-06-29
- Where: China
- Status: announced
- Products: smartphones, tablets, wearables, TVs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [TCL Electronics Holdings](https://endata.com/companies/47706.md)
- [TCL Communication](https://endata.com/companies/48159.md) (target)
- [Moka International](https://endata.com/companies/48160.md) (target)
- [TCL Industries](https://endata.com/companies/48161.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/313687.html), 2020-06-29: "公司从TCL实业全资附属正嘉投资收购其所持有的TCL通讯100%的已发行股份权益."

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