China Electronics proposes TPV takeover

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    China Electronics Corporation (CEC) is proposing to take over Hong Kong- and Singapore-listed TPV Technology, one of the world's largest PC monitor and…

    China Electronics Corporation (CEC) is proposing to take over Hong Kong- and Singapore-listed TPV Technology, one of the world's largest PC monitor and LCD TV original design manufacturers. The deal will be worth an aggregate total of approximately US$1.15 billion. It is subject to regulatory approval in the PRC and elsewhere around the world.

    CEC is China's largest state-owned IT company. It is making the bid as part of a consortium with its wholly-owned subsidiary CEIEC (HK), and Mitsui & Co, a Japan-based global provider of integrated trade facilitating services. Mitsui is a long-standing supplier of LCD modules to TPV, and will itself make a minority investment in TPV.

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