JDI to sell factory in southern China to Jiangxi Holitech Technology
Fan Ren-chi, Taipei; Adam Hwang, DIGITIMES [Monday 27 June 2016]
Japan-based panel maker Japan Display Inc. (JDI) will sell a small- to medium-size LCD module factory in southern China owned by Morningstar Optronics Zhuhai (MOZ) to China-based touch panel maker Jiangxi Holitech Technology at JPY1.65 billion (US$16.15 million), according to Japan-based Nikkan Industrial News.
MOZ is a subsidiary of Taiwan-based LCD module maker Star World Technology, of which the majority shareholder Taiwan Display is JDI's wholly owned subsidiary. Through the sale of MOZ's factory, Taiwan Display will have a 100% stake in Star World Technology.
JDI has set up three LCD module subsidiary makers, JDI Device and JDI Electronics in Suzhou, eastern China, and Shenzhen JDI in Shenzhen, southern China, for producing touch panels mainly for supply for China-based smartphone vendors. Viewing that the China smartphone market has undergone a large change, JDI has decided to dispose of its production bases in China. JDI will decide on detailed plans to dispose of the three China-based subsidiaries by the end of July.
Source: JDI to sell factory in southern China to Jiangxi Holitech Technology
No comments:
Post a Comment