LG Display (LPL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
LG Display Co., Ltd. is divesting from its LCD TV panel manufacturing business to concentrate on OLED technology, selling a majority stake in its Chinese subsidiary for a total of KRW 2.03 trillion to TCL China Star Optoelectronics Technology. The sale includes a 51% equity interest held by LG Display Headquarters and other interests, with the completion expected by March 31, 2025. This strategic move is aimed at restructuring the company’s business for future growth in the OLED sector.
For further insights into LPL stock, check out TipRanks’ Stock Analysis page.
