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LG Display agrees sale of Chinese LCD plant for $1.5 billion

By LEDinside News

27 Sept 2024

SEOUL (Reuters) -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).

The sale includes LG Display's 80% stake in its large LCD panel plant and 100% of its LCD module plant, and is expected to be completed in March 2025, the Apple supplier said in a statement.

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