DART Filing · Auto-translated
📌 Key Filing Highlights
- Event Type: Acquisition of shares from a related party (affiliate).
- Total Acquisition Amount: 1,271,821 million KRW (~$960.37 million USD).
- Counterparty: Samsung Display Co., Ltd. (Affiliate).
- Target Company: TCL China Star Optoelectronics Technology Co., Ltd. (Non-affiliate).
- Expected Transaction Date: December 2026.
Filing Overview and Core Decision
On October 29, 2026, the Board of Directors of Samsung Electronics approved the acquisition of equity interest in TCL China Star Optoelectronics Technology Co., Ltd. from its affiliate, Samsung Display Co., Ltd. This transaction is conducted as an over-the-counter (OTC) acquisition to strengthen strategic collaborative relationships.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Counterparty | Samsung Display Co., Ltd. (Affiliate) |
| Issuer of Acquired Shares | TCL China Star Optoelectronics Technology Co., Ltd. (Non-affiliate) |
| Acquisition Amount | 1,271,821 million KRW (~$960.37 million USD) |
| Post-Acquisition Stake | 10.16% |
| Transaction Date | December 2026 (Scheduled) |
| Acquisition Method | Over-the-Counter (OTC) Acquisition |
| Board Approval Date | October 29, 2026 (5 Independent Directors and Audit Committee members present) |
Additional Regulatory Notes:
- The number of shares, acquisition unit price, and total shares owned after acquisition are not disclosed because the issuer is a limited liability company under Chinese law.
- The acquisition amount was calculated based on the USD 960,372,346.7 figure using the Seoul Money Brokerage exchange rate of 1,324.30 KRW/USD as of October 28, 2026. The final amount may vary based on the exchange rate at the time of payment.
- The transaction date is the expected payment date and will be finalized following the completion of relevant domestic and international permits and approvals.
Operational Purpose and Company Rationale
Samsung Electronics has stated that the primary purpose of this acquisition is to strengthen the strategic collaborative relationship with the target entity.