M&A - LG Display Co., Ltd.

Form Type: 6-K/A

Filing Date: 2025-04-11

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025053031

Filing Summary: On April 11, 2025, LG Display Co., Ltd. filed an amended report regarding the sale of its equity interests in various subsidiaries in the display panel manufacturing sector, specifically in Guangzhou, China. This amendment updates a prior report from September 26, 2024, detailing a decision to transfer shares from LG Display to TCL China Star Optoelectronics Technology (TCL CSOT). The sale includes a 51% equity interest in LG Display (China) Co., Ltd. (LGD CA), an 8.5% equity interest in LGD CA held by LG Display Guangzhou Trading Co., Ltd. (LGD GT), and 100% equity interest in LG Display Guangzhou Co., Ltd. (LGD GZ). The amended total sale price is reported as KRW 2,246,583,105,475, reflecting an increase from the previously reported KRW 2,025,648,000,000 due to adjustments in sale prices for LGD CA and LGD GZ. The expected completion date of the sale has been set for March 31, 2025, contingent upon governmental approvals and completion of conditions precedent. The sale aims to allow LG Display to refocus on its OLED panel business, marking a strategic shift in its operations.

Document Link: View Document