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[Alpha Biz=(Chicago) Reporter Kim Jisun] Samsung Display sold a 4.3% stake in SFA, a general equipment company.
According to the Financial Supervisory Service's electronic disclosure system on the 29th, Samsung Display sold 1,544,000 shares of its SFA shares. The purpose of the sale is to collect the investment.
Samsung Display was initially the second-largest shareholder with 10.15% of SFA shares, but its stake fell to 5.85% (2.1 million shares) due to the sale of the stake.
Some believe that Samsung Display is likely to sell its remaining stake in order to secure investment.
Samsung Display organized its LCD (liquid crystal display) business in June last year. It is an industry observation that the incentive to hold a stake in SFA, which supplied related equipment, has disappeared.
However, even after the stake sale, Samsung Display and SFA will maintain their existing trading relationship and continue their business cooperation.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
