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Samsung Electronics to buy 1.27 trillion won worth of shares in TCL China from Samsung Display


Synopsis

Samsung Electronics said in a filing on Fridaty that the company will buy 1.27 trillion won ($948.39 million) worth of shares in TCL China Star Optoelectronics Technology Co. Ltd from Samsung Display.

Image for Samsung Electronics to buy 1.27 trillion won worth of shares in TCL China from Samsung DisplayReuters
Samsung Electronics said in a filing on Fridaty that the company will buy 1.27 trillion won ($948.39 million) worth of shares in TCL China Star Optoelectronics Technology Co. Ltd from Samsung Display.

After the purchase, Samsung Electronics will hold a 10.16% stake in TCL China, the filing says.

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