TCL completes rights issue

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    TCL Communication Technology Holdings, a PRC-based, Hong Kong-listed handset manufacturer, has completed a HK$358 million (US$46 million) rights issue.…

    TCL Communication Technology Holdings, a PRC-based, Hong Kong-listed handset manufacturer, has completed a HK$358 million (US$46 million) rights issue. 357.8 million new shares were issued for HK$1 each.

    The financial advisers to TCL were Anglo Chinese and GuocoCapital, while OSK Capital acted as independent financial adviser to the independent board committee and independent shareholders.

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