Japan's Mitsui buys strategic stake in TPV Technology

Japanese trading company Mitsui will buy up to 20% of display products maker TPV Technology, while TPV's controlling shareholder, China Electronics Corporation, will also increase its stake.

Japanese trading company Mitsui is buying up to 20% of Hong Kong-based display products company TPV Technology, as part of a deal that will also see TPV's controlling shareholder, China Electronics Corporation CEC, increase its stake.

Beijing-based CEC, a Chinese state-owned enterprise, already owns 27% of TPV. According to an announcement issued late last Friday, it will buy an additional 200 million TPV shares, representing 9.47% of the share capital, for a total of HK$1.04...

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