OLED manufacturer funds growth with share sale

24 Mar 2011


Samsung Mobile Display is to make new shares available, worth €2.1 billion, to shareholders Samsung Electronics and Samsung SDI.

Samsung Mobile Display hope to raise finances to boost production of next-generation mobile displaysA Reuters report says the company hopes that this move will boost production of next-generation mobile displays.

The company has recently been scaling up its OLED manufacturing capacity, as the displays have become a popular option for smartphones and other consumer electronics devices.

The breakdown of the share placement has yet to be decided.

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