Summary by Moomoo AI
On September 13, 2024, Skyworth Group announced that its indirect wholly-owned subsidiary, Shenzhen Skyworth-RGB, has signed a sale agreement with LG Display (Guangzhou) Co., Ltd., agreeing to sell 10% of its holding in the target company for RMB 130 million. LG Display (Guangzhou) Co., Ltd. is a subsidiary of LG Display Co., Ltd. (listed in New York and South Korea). After the completion of this transaction, Skyworth Group will no longer hold any equity in the target company. According to listing rules, this transaction is a disclosed transaction as the applicable percentage exceeds 5% but is below 25%. Skyworth Group stated that this sale will not affect the net profit for the year ending December 31, 2024, nor the net profit attributable to shareholders. The proceeds from the sale will be used for the group's business operations and working capital.