HannStar Sells Stake in Nanjing Subsidiary to CSOT

Hannstar has agreed with China Display Optoelectronics Technology, which is a member of the TCL group and which has CSOT as a majority shareholder, to sell a majority share (51% to 81%) of Hannstar Display Nanjing. The factory will be used for automotive and touch panels as well as LCD modules for tablets and notebooks. TCL wants to expand its capability in TV. The company is reported to be losing money at the moment, but represents less than 10% of Hannstar’s revenues.

Analyst Comment

Hannstar’s website says that the Nanjing factory has a capacity for 1.2 million modules per month.

Hannstar Nanjing