25th Jul 2008 08:38
Joint Venture with Samsung SDI
On July 25 of 2008, the BOD of Samsung Electronics(SEC) authorized the Company to establish a joint venture with its affiliate, Samsung SDI to improve competitiveness of its AMOLED and small to mid-size LCD businesses.
▫ Details
- Total Investment: KRW 938.5 billion will be invested by SEC
- Both SEC and Samsung SDI will own 50% stake of the joint venture company.
- The investment plan is subject to change, as the final decision will be made after the plan is authorized at
the shareholders' meeting of Samsung SDI.
- No decision has been made on the name of the joint venture.
- Related Public Disclosure: "Response to Disclosure Inquiry Regarding Samsung Electronics' Foundation of
a Separate Corporation for OLED Business with Samsung SDI" dated June 17 of 2008
Related Shares:
Samsung El.gdr