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TCL, which is scheduled to resume trading in Shenzhen Friday, will join the Shenzhen 100 index, a sample to show the market performance of the Shenzhen Stock Exchange.
The Shenzhen Exchange adjusted the member companies in the index to better reflect market representation.
TCL said that it would issue 22.81 percent of its expanded share capital, at a price of 4.26 yuan per share, or 15.97 times the company's 2002 earnings.
TCL Corp is China's second largest TV and cell phone maker and posted sales of 22.1 billion yuan in 2002.
Trading in the shares of TCL International Holdings in Hong Kong was suspended Thursday, the Hong Kong Stock Exchange said.
Shares of TCL International finished at HK$3.525 Wednesday. They have rallied 48 percent in the past month.
(Shenzhen Daily January 30, 2004)
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