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[Alpha Biz=(Chicago) Reporter Kim Jisun] Dongjin Semichem has found a breakthrough in raising investment costs for new overseas plants.
According to the Alpha economic report on the 20th, Dongjin Semichem signed an agreement with construction companies in China on the sale of nine of its 11 LCD plants in China.
According to the document, the sale price of Dongjin Semichem's nine LCD plants totaled 230 million dollars and 305.7 billion won.
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Joo-ho Yoon, CEO of Umbrella Research, told Alpha Economy, “It is true that Dongjin Semichem was embroiled in rumors of CB issuance or capital increase while there was no clue about its aggressive overseas expansion strategy, that is, raising investment costs to build overseas factories.”
He added, “The sale proceeds received this time are “If this is the case, it is highly likely that Dongjin Semichem’s global expansion strategy for building overseas factories will proceed without difficulty.”
Dongjin Semichem is currently planning to build its second European plant in Germany. In the United States, it is also known to build factories in Texas and Arizona.
Dongjin Semichem did not express any official position regarding the sale of LCD in China.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
