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TCL ELECTRONICS Rockets 14.7% Hitting 20Yrs+ High on JV Plan w/ Sony
Recommend 4 Positive 8 Negative 5 |
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TCL ELECTRONICS (01070.HK) opened with an upside gap of 15% this morning (21st), peaking at HK$12.62 initially, a more than 20-year high since mid-2005. It last stood at HK$12.49, up 14.69%, with trading volume soaring to 17.8599 million shares (exceeding the previous day's total), amounting to HK$217 million. The company had earlier entered into a non-legally binding memorandum of understanding with Sony (6758.JP) to establish a joint venture to take over Sony's home entertainment business and conduct integrated business operations globally, including televisions and home audio products. AAStocks Financial News |
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