Market Chatter: MTC Joins TCL, BOE Technology in Race For LG Display's Factory

MT Newswires Live05-29

MTC, along with BOE Technology Group (SHE:000725, SHE:200725) and TCL Technology Group (SHE:000100) unit TCL China Star Optoelectronics Technology participated in the bid for LG Displayâs (KRX:034220) 8.5-generation liquid crystal display panel factory in Guangzhou, China, Yicai Global reported Tuesday, citing Zhang Hong, television research director at Sigmaintell.

Talks about a third bidder for the plant have been going on, potentially pushing the price of the plan higher. The result of the bidding process is expected to come next month. The factory was sold last year for $734 million, and the price is expected to have at least doubled since then, Yicai noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (RMB): Â¥4.09, Change: Â¥, Percent Change: %

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