BOE plans to increase its holdings of Hefei 10.5 generation line by 6.929 billion yuan, plus large-size panel business.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, December 30, Beijing Oriental recently announced that it intends to transfer 6.929 billion yuan to Hefei Xingrong's 28.33% stake in Hefei BOE display Technology Co., Ltd. (referred to as Hefei BOE). Upon completion of the transfer, BOE's stake in Hefei BOE will increase from 8.33% to 36.67%.

At present, Hefei BOE has three shareholders, with the least holding of 8.33%; Hefei Xingrong ranks second with 28.33%, and will withdraw from Hefei BOE after this transfer; in addition, Hefei Core screen Industry Investment Fund (limited partnership) ranks as the largest shareholder in Hefei BOE with a shareholding of more than 63%.

In July this year, JD.com Fang held a board meeting to examine and approve the motion on the proposed transfer of part of the equity and related party transactions of Hefei BOE display Technology Co., Ltd. BOE plans to accept the 28.33% stake held by Hefei Xinrong at that time.

The Hefei BOE business is mainly for the 10.5 generation liquid crystal panel production line, with a net profit of about 3.3 billion yuan last year, but recorded a loss of 2.8 billion yuan from January to September this year, while the net operating cash flow was only-497 million yuan.

CTOnews.com learned that Hefei BOE display is the world's first 10.5 generation high-generation TFT-LCD production line invested by BOE, and it is one of the main production lines for the company to develop large-size TFT-LCD display panels.