What They Say
Sigmaintell reported that Suzhou Samsung Display has now changed its name to Suzhou Huaxing Optoelectronics Display Co., Ltd and its shares are now 100% held by TCL Huaxing Optoelectronics Technology Co., Ltd. The researcher said that Samsung Display had said that it received approval for the sale from the Korean Ministry of Trade, Industry and Energy on the 5th of March. (TCL’s plan to reorganize Suzhou LCD factory likely to be delayed)
What We Think
This change was expected, as the deal was made last summer,.but the approval of the Korean government was needed. (BR)
