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LG Display (NYSE: LPL) to transfer automotive LCD unit for KRW 104,109,530,000

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K/A

Rhea-AI Filing Summary

LG Display Co., Ltd. agreed to transfer its automotive display LCD module business unit to Top Run Total Solution (Nanjing) Co., Ltd. for KRW 104,109,530,000, based on a bid of CNY 491,500,000 and an exchange rate of CNY 1 to KRW 211.82 as of February 9, 2026.

The transfer is scheduled for September 30, 2026 and is intended to upgrade the business structure, enhance the revenue structure, and improve enterprise-wide operational efficiency by transferring and outsourcing in-house automotive LCD module production. The board approved and executed the transfer agreement on February 9, 2026.

LG Display Nanjing Co., Ltd., engaged in display module production, reported total assets of KRW 3,188,176,326,124 as of December 31, 2024, versus consolidated total assets of KRW 32,859,565,603,472, a 9.7% ratio; this is a baseline figure, not the amount being transferred. The company states that no definitive decisions have been made on further corporate restructuring.

Positive

  • None.

Negative

  • None.

Filing Explained

The planned transfer is scheduled for September 30, 2026, but its reported KRW 104,109,530,000 price may change after settlement.

LG Display’s amended filing says the automotive display LCD module business transfer is scheduled for September 30, 2026, with a stated price of KRW 104,109,530,000; that price is not necessarily final because settlement for other assets and liabilities is expected on the transfer date.

The filing identifies September 30 as an extended date agreed upon by both companies, and says any further change will be disclosed through another amendment.

The price is based on the purchaser’s bid and the appraised value of tangible assets as of December 31, 2024; the final amount therefore remains subject to the specified settlement process.

Transfer price KRW 104,109,530,000 Transfer of automotive display LCD module business unit
Transfer price in CNY CNY 491,500,000 Bid amount submitted by the purchaser
Exchange rate CNY 1 to KRW 211.82 Rate in effect on February 9, 2026 used to translate transfer price
Scheduled transfer date September 30, 2026 Extended date agreed for completion of the business transfer
Subsidiary total assets KRW 3,188,176,326,124 Total assets of LG Display Nanjing Co., Ltd. as of December 31, 2024
Consolidated total assets KRW 32,859,565,603,472 Consolidated total assets of LG Display as of December 31, 2024
Subsidiary asset ratio 9.7% Subsidiary total assets as a percentage of consolidated total assets
automotive display LCD module business technical
"Transfer of <b>automotive display LCD module business</b> unit"
appraised value financial
"calculated using the <b>appraised value</b> of the tangible assets"
Appraised value is an expert’s estimate of what an asset—such as property, equipment, or a business unit—is worth at a given moment, based on inspection and comparison to similar items. For investors it matters because that estimate helps set sale prices, loan collateral limits and accounting values, acting like a trusted opinion on worth the way a home inspection guides a buyer’s offer.
consolidated total assets financial
"<b>Consolidated total assets</b> of Company (KRW) | 32,859,565,603,472"
Korean International Financial Reporting Standards financial
"prepared in accordance with <b>Korean International Financial Reporting Standards</b>"
Fair Trade Commission regulatory
"Matters related to the <b>Fair Trade Commission</b>: Not applicable"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What business is LG Display (LPL) transferring in this Form 6-K/A?
LG Display is transferring its automotive display LCD module business unit to Top Run Total Solution (Nanjing) Co., Ltd. The move focuses specifically on the in-house production operations related to automotive display LCD modules, which will be transferred and outsourced.

What is the transfer price for LG Display’s (LPL) automotive LCD module business?
The agreed transfer price is KRW 104,109,530,000, based on a bid of CNY 491,500,000. The price uses an exchange rate of CNY 1 to KRW 211.82 and is tied to the appraised value of tangible assets as of December 31, 2024.

When is the transfer scheduled and when did LG Display (LPL) approve it?
The business transfer is scheduled for September 30, 2026. LG Display’s board approved the transaction and executed the transfer agreement on February 9, 2026, which is also the reference date for the exchange rate used in pricing.

Who is acquiring the automotive LCD module business from LG Display (LPL)?
The transferee is Top Run Total Solution (Nanjing) Co., Ltd., which has no stated special relationship to LG Display. The transaction is described as a transfer and outsourcing of the automotive display LCD module business unit’s in-house production.

What is the stated purpose of LG Display’s (LPL) transfer of the automotive LCD unit?
LG Display states the transfer aims at business structure upgrade and revenue structure enhancement. The company also notes it expects to improve enterprise-wide operational efficiency by transferring and outsourcing production of the automotive display LCD module business.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

Form 6-K/A

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

LG Display Co., Ltd.

(Translation of Registrant’s name into English)

LG Twin Towers, 128 Yeoui-dearo, Youngdungpo-gu, Seoul 07336, The Republic of Korea

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X Form 40-F ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submission to furnish a report or other document that the registration foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____ No X

 

Amendment Regarding Decision on Transfer of Business (Material Business Matters of Subsidiary)

 

This Report of Foreign Private Issuer on Form 6-K/A (this “Amended Report”) is furnished to amend the Report of Foreign Private Issuer on Form 6-K furnished by LG Display Co., Ltd. (the “Company”) to the Securities and Exchange Commission on February 9, 2026 under the title “Decision on Transfer of Business (Material Business Matters of Subsidiary)” (the “Original Report”), which reported on the material business matters of its subsidiary, LG Display Nanjing Co., Ltd. (the “Subsidiary”), regarding a decision on transfer of business. This Amended Report is furnished to update certain information in items numbered 5 and 13.b. appearing therein. The entirety of the Original Report, as hereby amended by this Amended Report is set forth below:

 

1.
Business to be transferred: Automotive display LCD module business
2.
Details of business to be transferred: Transfer of automotive display LCD module business unit
3.
Transfer price (KRW): 104,109,530,000
4.
Purpose of transfer: Business structure upgrade and revenue structure enhancement
5.
Scheduled transfer date: September 30, 2026
6.
Transferee: Top Run Total Solution (Nanjing) Co., Ltd.
- Relationship to company: Not applicable
7.
Effects of transfer: To improve enterprise-wide operational efficiency by transferring and outsourcing the in-house production of automotive display LCD module business
8.
Details of appraisal rights: Not applicable
9.
Scheduled date of shareholders’ meeting: Not applicable
10.
Date of board resolution (decision date): February 9, 2026
11.
Matters related to the Fair Trade Commission: Not applicable
12.
Plans for future corporate restructuring: As of the date of this report, no definitive decisions have been made.
13.
Other matters to be factored into investment decisions
a) The transfer price set forth in Item 3 above is based on the bid amount submitted by the purchaser, calculated using the appraised value of the tangible assets to be transferred as of December 31, 2024. Additional settlement regarding other assets and liabilities is expected to take place on the scheduled transfer date; therefore, the final transfer price may be subject to further adjustment.
Furthermore, the price has been translated from CNY 491,500,000 to KRW at the initial exchange rate in effect on February 9, 2026 (CNY 1 to KRW 211.82).
b) The scheduled transfer date set forth in Item 5 is the extended date agreed upon by both companies, and any changes will be disclosed through amendment.
c) The date of board resolution set forth in Item 10 above is the execution date of the transfer agreement.
 
d) The amount of total assets of the Subsidiary and consolidated total assets of the Company set forth below are based on the Company’s audited consolidated financial statements as of December 31, 2024, prepared in accordance with Korean International Financial Reporting Standards.

 

[Details of Subsidiary]

Name of Subsidiary

LG Display Nanjing Co., Ltd.

- Representative

Suk Myung Su

- Main business

Production of Display Module

Total assets of Subsidiary (KRW)

3,188,176,326,124

Consolidated total assets of Company (KRW)

32,859,565,603,472

Ratio to consolidated total assets of Company (%)

9.7%

 

 

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

LG Display Co., Ltd.
(Registrant)

Date: July 28, 2026 By: /s/ Kyu Dong Kim

(Signature)

Name: Kyu Dong Kim

Title: Vice President, Finance &

Risk Management Division

Source: View Original Filing on SEC EDGAR