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Chinese TV maker TCL trying to gobble up fridge maker

Facing shrinking home market, company looks to diversify

Chinese home appliance makers are under pressure to revamp their business strategies as their home market becomes saturated. (Photo by Yusuke Hinata)

GUANGZHOU/TOKYO -- Leading Chinese TV maker TCL is seeking to swallow Guangdong Homa Appliances, a big manufacturer of refrigerators, in a hostile takeover bid.

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