LGD confirms sale of LCD plant
LG Display signs $1.5 bil. deal to sell large LCD plant in Guangzhou
LG Display signed a 2 trillion won ($1.5 billion) deal to sell its entire stake in a large LCD plant in Guangzhou, China, the company said in a regulatory filing, Thursday.
LG Display agrees sale of Chinese LCD plant for $1.5 billion
South Korea's LG Display said on Thursday it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL's LCD unit CSOT for 10.8 billion yuan ($1.54 billion).
LGD confirms sale of LCD plant; possible addition of 8.6G IT OLED to P10 fab
To combat Chinese companies and satisfy future OLED demand, South Korea-based manufacturers Samsung Display (SDC) and LG Display (LGD) are expediting their investments in 8.6G IT OLEDs. Additionally,
LG Display to sell stake in its Chinese LCD plant to TCL CSOT for 10.8 billion yuan
SOUTH Korea’s LG Display said on Thursday (Sep 26) it had agreed to sell its stake in its large liquid crystal display (LCD) plant in Guangzhou, China, to TCL’s LCD unit CSOT for 10.8 billion yuan (S$2 billion).
TCL CSOT to Buy LG Display's Guangzhou LCD Plants for USD1.5 Billion
TCL CSOT will acquire 80 percent of LG Display's 8.5-generation LCDs panel plant and all of its LCD module factory, under the deal announced separately by parent company TCL Technology Group and the South Korean firm yesterday. The deal will likely be completed by the end of next March, they added.
Under Pressure LG Sells TV Display Factory To TCL
As demand for TCL and Hisense TV’s surge, struggling OLED TV brand LG has moved to sell one of their factories to TCL who is looking to expand their Micro LED TV production, LG is also facing price rises for their LCD panels due to pressure from Chinese display panel manufacturers.
LG Display sells its Guangzhou LCD panel plant to TCL for $1.54 billion
On Thursday, South Korea's LG Display said it approved the sale of its 8.5-gen LCD (liquid crystal display) panel production line and module factory in
LG Display to sell stake in its Chinese LCD plant to TCL CSOT for $1.5 bln
The move is meant to better focus its business on its organic light-emitting diode (OLED) operations, LG Display said, in which it is more competitive than in the saturated LCD market.
LG Display Sells China Plant to TCL Subsidiary for 2 Trillion Won
SEOUL, Sept. 26 (Korea Bizwire) – LG Display Co., a major flat screen supplier, said Thursday it has sold its facilities in China to a subsidiary of Chinese tech giant TCL Group for 2 trillion won (US$1.5 billion) as part of its business reorganizing effort.
LG's China LCD plant sold for $1.5 billion — focus moves to OLED
Once a thriving business to replace the traditional CRT displays from the top of our desks, the LCD technology is seemingly now a liability for South Korean companies like LG and Samsung. This week LG Display inked a deal to sell its China-based LCD plant in a bid to focus on it more profitable OLED business,
LG Display Agrees to $1.5 Billion Sale of Guangzhou LCD Plant
LG Display has agreed to sell its majority stake in a Guangzhou-based LCD plant to TCL’s CSOT division for 10.8 billion yuan ($1.54 billion). The sale covers LG Display’s 80% stake in its large LCD panel plant and 100% of its LCD module facility,
LG upbeat about LCD demand
LG Display CEO Han Sang-beom said Wednesday the firm will begin the operation of its massive liquid crystal display (LCD) ...
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