LG Display picks CSOT as preferred bidder for China LCD plant (updated)

LG DISPLAY

01/08/2024 09:29

(Adds details, paragraphs 2-3)
       SEOUL, Aug 1 (Reuters) - South Korea's LG Display
 034220.KS  has picked TCL's  000100.SZ  LCD unit CSOT as
preferred bidder for its liquid crystal display (LCD) plant in
Guangzhou, China.
    LG and CSOT will carry out exclusive negotiations for a
potential sale, LG Display said in a regulatory filing on
Thursday without elaborating on deal size. 
    LG Display is transitioning from LCD to organic
light-emitting diode (OLED) in its business, LG said. 

    

 (Reporting by Joyce Lee and Heekyong Yang
Editing by David Goodman)
 ((joyce.lee@tr.com;))