LG Chem to sell its polariser businesses to Chinese firms for $815 mln

LG Chem

27/09/2023 07:11

SEOUL, Sept 27 (Reuters) - South Korea's LG Chem Ltd
 051910.KS  said on Wednesday it has decided to sell its
polariser businesses to Chinese firms for about 1.1 trillion won
($815.6 million) to help improve the firm's competitiveness. 
    The South Korean petrochemicals maker plans to sell its
polariser business to Shanjin Optoelectronics for 270 billion
won as well as its polariser material business to Hefei Xinmei
Materials Technology for 830 billion won, the company said in a
regulatory filing. 

($1 = 1,348.6800 won)

 (Reporting by Heekyong Yang)
 ((Heekyong.Yang@thomsonreuters.com;))