LG Display scraps sale of Nanjing automotive LCD module business

LG Display has terminated a deal to sell its automotive LCD module business in Nanjing, China, to Top Run Total Solution. The transaction, valued at RMB 491.5 million ($68.9 million), was called off after the two sides failed to reach a final agreement on the conditions needed to complete the deal. LG Display had planned to outsource production after the transfer to improve operating efficiency and profitability.