Breakingviews - Apple supplier’s rescue leaves Japan red-faced [Reuters]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Reuters
Breakingviews - Apple supplier’s rescue leaves Japan red-faced - Reuters 3 Min Read HONG KONG (Reuters Breakingviews) - Japan Display’s rescue is an embarrassing necessity for Tokyo. An investor group is buying two thirds of the company for up to 80 billion yen ($714 million), a lowball price for the former national champion. It will fall into foreign hands, some of them Chinese, which could raise red flags. Yet managers have little choice but to pray the deal closes. Japan Display was created with government funds in 2012. The idea was to fend off South Korean and Taiwanese rivals by merging Hitachi, Sony and Toshiba’s liquid-crystal display units. The deal created the world’s biggest maker of panels used in smartphones and tablet computers, but the company failed to stay competitive. It has lost money every year since 2015. Despite multiple state bailouts, Japan Display, and all its domestically developed technology, now looks set to be taken over by outsiders on the cheap. Investor
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News
- LG Display: Consider Potential Results Miss And Favorable Developments [Seeking Alpha]Seeking Alpha
- LG Display Co., Ltd. (NYSE: LPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- ????????????????????? ??????????????????????????????? AMOLED ??????????????? ??????????????????????????????????? 50% ???? 2566PR Web
- AR and VR Display Companies - Samsung Electronics (South Korea) and LG Display (South Korea) are the Key Players [Yahoo! Finance]Yahoo! Finance
- LG Display Co., Ltd. (NYSE: LPL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
LPL
Sec Filings
- 4/1/24 - Form 6-K
- 3/22/24 - Form 6-K
- 3/22/24 - Form 6-K
- LPL's page on the SEC website