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LG Chem intends to sell its LCD polarizer business to Ningbo Shanshan for US$1.1 billion

by:Kimeery     2021-06-05

LG Chem stated that the company intends to sell its LCD polarizer business to Ningbo Shanshan for 1.3 trillion won (US$1.1 billion). The transaction does not include LCD polarizers for automobiles; the transaction is still subject to board approval. LG Chem will mainly develop the LCD for Samsung polarizer business. According to an announcement by Ningbo Shanshan shares yesterday, it plans to raise no more than 3.14 billion yuan through a non-public offering of shares to acquire LG Chem’s LCD polarizer business.

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