TCL completes acquisition of LG Display China assets

TCL Technology Group (SZSE:000100) announced the completion of its acquisition of LG Display's China-based assets, including 100% equity stakes in both LG Display (China) Co., Ltd. (LGDCA) and LG Display (Guangzhou) Co., Ltd. (LGDGZ). The transaction also encompassed related technologies and support services essential for the operations of the acquired entities. The finalization follows TCL's earlier acquisition of 20% equity in LGDCA via a public tender for RMB 2.615 billion. The deal received necessary governmental approvals. The acquired entities are slated to be consolidated into TCL's financial statements starting in the second quarter of 2025. The ultimate acquisition price is subject to adjustment based on transition period profits and losses and the time of delivery.