Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Konka Eyes Stake in LG Display Guangzhou

China Business News, 4/11/08

Chinese consumer electronics manufacturer Konka (200016.SZ, 000016.SZ) announced today that it is in discussion with LG Display (LGD) regarding the possible purchase of shares in LG Display's mainland China subsidiary, LG Display (Guangzhou). No agreement, however, has yet been reached, and the amount of investment and percentage of shares have not yet been decided. Xiao Qing, secretary of Konka's board of directors, revealed that Konka hoped to take a small stake, mainly for the purpose of maintaining a strong partnership with LGD.

During initial negotiations between the two sides, the stake Konka is considering was reported to be less than 5% of LG Display (Guangzhou)'s total shares.

Editor's note: Earlier this year, Konka competitor Skyworth also signed a deal to invest in LG Display (Guangzhou). For additional background, please see "LG LCD Factory Starts Production in Guangzhou" MD 4/10/08 issue.

Keywords: 000016.SZ M&A Xiao Qing consumer electronics Guangzhou hardware Konka LCD LG Display Skyworth 200016.SZ


Please note, all fields are required.
None of your personal information will be shared with third parties.


Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports