UPDATED. 2020-06-03 20:38 (수)
Struggling CEC Panda and HKC may be sold off
Struggling CEC Panda and HKC may be sold off
  • Gijong Lee
  • 승인 2020.04.10 07:20
  • 댓글 0
이 기사를 공유합니다

BOE, CSOT cited as potential buyers
CEC Panda headquarters
CEC Panda headquarters

Chinese display makers CEC Panda and HKC may be placed on the selling block on account of mounting financial difficulties triggered by a glut of LCD panels and declining prices, according to industry sources on April 9.

The two firms may be acquired by other Chinese panel makers such as CSOT and BOE that been focusing on LCDs in the absence of Samsung Display and LG Display that have decided to phase out LCD panels.

CEC Panda touts oxide TFT LCD technology, based on which it produces panels for LCD TVs, laptops and monitors. In 2019, CEC Panda shipped 27.6 million large-sized TFT LCD panels. The company runs fab facilities in Nanjing and Qingdao.

But the company hasn’t been doing very well in terms of profit, with its listed firm posting an accumulated deficit of USD 331 million up to the third quarter of 2019. In 2018, the firm had recorded USD 317 million of deficit.

BOE or CSOT could help normalize CEC Panda in return for accessing the oxide technology, which is critical for supplying companies such as Apple or Microsoft. For CSOT, the acquisition would help it accelerate the development of inkjet printing OLED panel technology.

HKC’s mainstay business is VA(Vertical Alignment)-based a-Si TFT LCD TV open cells. HKC is categorized as a second-tier company, selling LCD TV open cells to mostly budget models. HKC is also embroiled in a patent lawsuit with a major TFT LCD maker, which may be a turn-off for potential buyers.

In order for the deals to happen, the provincial governments that have invested in CEC Panda and HKC will have to give the green light.


The Elec is South Korea’s No.1 tech news platform.
 


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 816, Botanic Park Tower2, 213, Gonghang-daero, Gangseo-gu, Seoul, Republic of Korea
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2020 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트