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Joint Venture with Samsung SD

25th Jul 2008 08:38

RNS Number : 8743Z
Samsung Electronics Co. Ld
25 July 2008
 



Joint Venture with Samsung SDI

On July 25 of 2008the BOD of Samsung Electronics(SEC) authorized the Company to establish joint venture with its affiliate, Samsung SDI to improve competitiveness of its AMOLED and small to mid-size LCD businesses. 

▫ Details

Total InvestmentKRW 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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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