Market Chatter: Samsung SDI to Sell Polarizing Film Division to China's Wuxi Hengxin Optoelectronic Materials

MT Newswires Live

Sep 11, 2024

South Korean battery maker Samsung SDI (KRX:006400) plans to sell its polarizing film division to China's Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won, Pulse News reported Monday.

The sale covers all of Samsung SDI's polarizing film operations at Cheongju, Suwon, and its Wuxi unit in China, the report said.

The Chinese company, which is a joint venture of Nuoyan Capital and Heungmei Optoelectronics, has over 40 subsidiaries in sectors such as displays, smart vehicles, and semiconductors, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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