SEOUL (Reuters) – South Korean battery maker Samsung SDI mentioned on Tuesday it had determined to promote its polarizing movie enterprise to China’s Wuxi Hengxin Optoelectronic Supplies Co for 1.12 trillion gained ($836.47 million).
Samsung SDI mentioned in a regulatory submitting that the sale contains the manufacturing and gross sales of polarizing movies within the Cheongju and Suwon areas of South Korea, in addition to its 100% abroad subsidiary in Wuxi, China.
The battery maker mentioned the divestment division plans to deal with semiconductor supplies, natural light-emitting diodes (OLED) and battery companies sooner or later, enhancing competitiveness via continued funding and maximizing synergies with the battery enterprise.
(1 USD = 1,338.9600 Korean Received)
