Sichuan Century Shuanghong Acquires 75% Stake of Korean Orion PDP
December 15, 2006
According to a Xinhua report, Sichuan Century Shuanghong Display Devices, an 80-20 joint venture between two Chinese TV makers Changhong and Irico Group, has acquired a 75% stake of the Korean PDP (Plasma Display Panel) maker Orion PDP. Sichuan Century Shuanghong is reported to pay US$99 million for the 75% stake held by Dutch Sterope Investments, the majority stakeholder of Orion PDP.