TCL adjusts acquisition price of LG Display assets to CNY11.2bn

TCL Technology Group Corp (SZSE:000100) announced an update regarding its acquisition of an 80% stake in LG Display (China) Co., Ltd. (LGDCA) and 100% stake in LG Display (Guangzhou) Co., Ltd. (LGDGZ) on April 10, 2025. The total acquisition price has been adjusted to CNY11.2 billion based on the transitional period earnings and the closing balance sheet figures provided by the sellers. The final transaction price is contingent upon TCL's review of the closing balance sheet. TCL expects to consolidate the acquired entities into its financial statements starting in the second quarter of 2025. The initial announcement regarding the acquisition was made on September 27, 2024, with a follow-up on March 19, 2025, detailing the completion of company name and equity change registration. TCL华星光电技术有限公司, a holding subsidiary, is responsible for the acquisition.