Samsung takes over display unit’s China stake to bolster LCD ties

Samsung Electronics will acquire Samsung Display’s entire stake in Chinese panel maker TCL CSOT, bolstering LCD supply ties for its TV business as the display subsidiary focuses on high-end OLED panels. Samsung Electronics said in a regulatory filing on Friday that it would buy the 10.16 percent stake for about 1.27 trillion won ($950 million). It cited “strengthening strategic cooperation” as the purpose of the acquisition. Samsung Display acquired the shares as part of the sale of its Suzhou L


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