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Tsinghua Tongfang to Invest RMB 800M in LCD Project
Beijing-based system provider Tsinghua Tongfang (600100.SH) plans to invest RMB 800 million in its LCD module project, reports China Securities Journal quoting a Tsinghua Tongfang insider. The project's plant is already built and is expected to begin producing as soon as May, said the insider. Overseas orders for Tsinghua Tongfang's LCD TVs increased 100% year-on-year in the first quarter of 2009, and the company plans to sell 3 million LCD TVs this year, said Wang Lianghai, the general manager of Tsinghua Tongfang's Consumer Electronics Department.
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