Shenzhen China Star Optoelectronics Technology Co., Ltd. completed the acquisition of LG Display Co., Ltd. and LG Display Guangzhou Co., Ltd. from LG Display Co., Ltd..
Shenzhen China Star Optoelectronics Technology Co., Ltd. agreed to acquire majority stake in LG Display (China) Co., Ltd. and LG Display Guangzhou Co., Ltd. from LG Display Co., Ltd. (KOSE:A034220) for KRW 1.8 trillion on September 26, 2024. Shenzhen China Star Optoelectronics Technology will acquire 51% stake in LG Display (China) Co., Ltd. and 100% equity interest in LG Display Guangzhou Co., Ltd. held by LG Display Co., Ltd. In part with another transaction, Shenzhen China Star Optoelectronics Technology Co., Ltd. will hold a total of 80% stake in LG Display (China) Co., Ltd. post these transactions as LG Display Guangzhou Co., Ltd. holds 20.5% stake in LG Display (China) Co., Ltd. As of June 30, 2024, LG Display (China) Co., Ltd./LG Display Guangzhou Co., Ltd. reported total assets of KRW 6.23 million and total common equity of KRW 2.65 million. The expected completion of the transaction is March 31, 2025.
Qiang Ma, Haipan Hu, Lijuan Sun, Michael Han, Jin Wang, Joy Wong, Daniel Huang and Zhou Chen of Fangda Partners acted as the legal advisor to TCL Technology Group. Steve Kang, Zhonghua (Stephen) Shi, Regina Kim, Yuxuan Chen, Esther Franks and Dominic Geiser of Latham & Watkins LLP and Latham & Watkins (Hong Kong) acted as legal advisor to LG Display Co., Ltd.
Shenzhen China Star Optoelectronics Technology Co., Ltd. completed the acquisition of LG Display (China) Co., Ltd. and LG Display Guangzhou Co., Ltd. from LG Display Co., Ltd. (KOSE:A034220) on October 13, 2025.
LG Display Co Ltd is a Korea-based company principally engaged in the manufacture and sale of display panels. The Company produces and sells display panels for televisions (TVs), smart phones, monitors, notebooks and tablets. The Company holds liquid crystal display (LCD) and organic light emitting diodes (OLED) technology patents. In addition, the Company manufactures raw materials.
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Shenzhen China Star Optoelectronics Technology Co., Ltd. completed the acquisition of LG Display Co., Ltd. and LG Display Guangzhou Co., Ltd. from LG Display Co., Ltd..
