June 10, 2020 / 12:19 AM / a month ago

S.Korea's LG Chem signs contract with Shanshan to sell LCD polarizer business for $1.1 bln

SEOUL, June 10 (Reuters) - South Korea’s LG Chem Ltd said on Wednesday it has signed a conditional contract with China’s Shanshan to sell its liquid crystal display (LCD) polarizer business for $1.1 billion.

The chemicals and battery maker said some of its LCD polarizer business including those for automobiles would be excluded from the sale.

Reporting by Heekyong Yang and Joyce Lee; Editing by Shri Navaratnam

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