DivestmentJul 28, 2026, 08:31 AM
LG Display Amends Automotive LCD Module Business Divestment
AI Summary
LG Display Co., Ltd. filed an amended report (6-K/A) to update information regarding the divestment of its automotive display LCD module business. The amendment primarily revises the scheduled transfer date to September 30, 2026, and clarifies details about the transfer price. The original decision to transfer the business from its subsidiary, LG Display Nanjing Co., Ltd., to Top Run Total Solution (Nanjing) Co., Ltd., was made on February 9, 2026, with the goal of upgrading the business structure and enhancing revenue.
Key Highlights
- Amended report updates details on the transfer of automotive display LCD module business.
- Business transferred from LG Display Nanjing Co., Ltd. to Top Run Total Solution (Nanjing) Co., Ltd.
- Transfer price is KRW 104,109,530,000 (CNY 491,500,000), subject to adjustment.
- Purpose of transfer is business structure upgrade and revenue structure enhancement.
- Scheduled transfer date updated to September 30, 2026.
- Board resolution for the transfer agreement was made on February 9, 2026.
- LG Display Nanjing Co., Ltd.'s total assets represent 9.7% of LG Display's consolidated assets.
Price Impact
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