China Star 8.5G LCD Project Won AGC Investments

TCL Corporation (SZSE: 000100) Chairman Li Dongsheng on January 27, 2011 disclosed in his mini-blog that Japanese LCD glass manufacturer Asahi Glass (AGC) inked a contract for the investment and establishment of a LCD glass substrate in Shenzhen City, Guangdong Province, southeast China.

The project is an 8.5-generation LCD glass substrate project, with an investment for the phase I of nearly USD 300 million. The project has a total investment of CNY 24.5 billion and registered capital of CNY 10 billion, in which TCL and Century Science &Technology Investment Corporation hold 50% shares each. The chairman said that the glass substrate project is expected to be the most important and largest-investment industrial supporting project under Shenzhen China Star Optoelectronics Technology Co., Ltd., a subsidiary under TCL.

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