Shanjin Optoelectronics (Suzhou) has concluded the acquisition of LG Chem's (KRX:051910) polarizer business assets.
The business and related assets Shanjin Optoelectronics purchased from LG Chem are based in mainland China, South Korea, and Vietnam, Ningbo Shanshan (SHA:600884), the parent firm of Shanjin Optoelectronics said in filing on the Shanghai Stock Exchange.
In September 2023, LG Chem unveiled plans to sell its polariser business to Shanjin Optoelectronics for 270 billion won and its polariser material business to Hefei Xinmei Materials Technology for 830 billion won, according to an earlier report by Reuters.
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