LG Display picks CSOT as preferred bidder for China LCD plant
Tweet
Share
E-mail
People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner/File Photo
SEOUL (Reuters) - South Korea's LG Display has picked TCL's LCD unit CSOT as preferred bidder for its liquid crystal display (LCD) plant in Guangzhou, China.
LG and CSOT will carry out exclusive negotiations for a potential sale, LG Display said in a regulatory filing on Thursday without elaborating on deal size.
LG Display is transitioning from LCD to organic light-emitting diode (OLED) in its business, LG said.
(Reporting by Joyce Lee and Heekyong Yang; Editing by David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Anthropic selects Nasdaq for IPO, Business Insider reports
- Xi pushes 'Greater BRICS' economic ties to give bloc larger global role
- Carney pushes idea of making Canada 'associate member' of EU, WSJ reports
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
