LG Display Withdraws Sale of Nanjing Automotive LCD Business

LG Display has terminated its contract to transfer the automotive LCD module business of its Nanjing subsidiary to China's Toprun Total Solution for 491.5 million yuan (about $80 million). The deal, signed in February, was postponed from July 30 to Sept. 30 before falling through as the parties failed to reach a final agreement.

• Deal value was 491.5 million yuan, roughly 104.1 billion won or $80 million
• Contract signed in February; transfer date moved from July 30 to Sept. 30
• LG Display aimed to outsource automotive LCD module production for efficiency
• The sale was dropped after the parties failed to finalize terms