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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).
LG Display Shifts Focus to OLED with Major Sale
LG Display (LPL) has released an update. LG Display Co., Ltd. is divesting from its LCD TV panel manufacturing business to concentrate on OLED technology, selling a majority stake in its Chinese subsidiary for a total of KRW 2.
TCL plans to acquire LG Display’s China operations in a strategic $1.5 billion deal
TCL plans to acquire 80% of LG Display China and 100% of LG Display Guangzhou, boosting its LCD market share and production, expected to close by 2025.
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.
LG Display sells Guangzhou LCD plant to China's CSOT for $1.53B
LG Display continues with its divestment the LCD business with the sale of its plant in Guangzhou, China, to local firm CSOT.
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 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.
Advanced Television
13h
LG Display quits LCD TV panels
LG
has sold its last-remaining LCD TV panel production facility. The factory, based in Guangzhou, China, has been sold to TCL for 2 trillion won (€1.35bn). It will be handed over to the new owners ...
SmartHouse
1d
Deal Done, TCL Now Set To Use Former LG Asset, To Strip Display Market Share
TCL is set to “significantly grow TV market share” after LG Display who is struggling to make a profit sold a key ...
4d
on MSN
Your LG TV will reportedly display screensaver ads. How to turn them off.
How to turn off screensaver ads on LG TVs. The obvious first response to this, if you own an LG TV, is "can I turn these ads ...
3d
LG Has Started Showing Screensaver Ads on Their Smart TVs
LG has a new ad initiative that shows you ads when your TV is idle. Luckily, there is a way to disable screensaver ads, if ...
4d
LG smart TVs have started displaying ads when idle
LG TVs are known to be fairly egregious when it comes to advertising — full audio auto-playing ads have been a feature on ...
1d
Prime Big Deal Days TV Deals 2024: Save Up to 50% on Samsung, LG, Sony, and More
Get a jump on savings well ahead of the two-day event with these top models on sale. Ahead of the busy holiday period, Amazon ...
23h
on MSN
iPhone SE 4 launching soon: Key firm behind new display may face ban due to…
BOE is said to be producing around 70% of the display panels for the new iPhone SE 4 that is expected to break cover around ...
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