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samsung sdi, a well-known korean battery and electronic materials manufacturer, recently announced that it has officially decided to sell its polarizing film business to china's wuxi hengxin optoelectronic materials co., ltd. the total transaction amount is as high as 1.12 trillion won, equivalent to about 5.936 billion yuan. this news was simultaneously confirmed by the buyer's company, marking that this cross-border merger and acquisition case has entered the substantive implementation stage.

it is reported that this acquisition not only covers samsung sdi's polarizing film production and sales business in cheongju, north chungcheong province and suwon, gyeonggi province, south korea, but also includes all the shares of its subsidiary in wuxi. since investing 210 billion won to build the wuxi production plant in 2015, samsung sdi has been committed to meeting the chinese market's demand for high-quality polarizing films. however, with the intensification of market competition and the adjustment of corporate development strategy, samsung sdi decided to divest non-core businesses to focus more on the development of core areas such as semiconductors, oled materials and battery materials.

for the buyer, this acquisition is a major strategic opportunity. wuxi hengxin optoelectronic materials, as an affiliated company of hengmei optoelectronics, completed this acquisition together with noyen capital, not only acquiring samsung sdi's advanced technology and production lines in the field of polarizers, but also taking over more than 1,000 related intellectual property rights. this has far-reaching significance for improving the security and stability of china's new display industry supply chain and strengthening the industry chain's ability to strengthen and supplement the chain.

as a key optical film, polarizing film plays a vital role in liquid crystal displays (lcds), televisions, and other display devices. it can achieve clear image display by controlling the amount of light transmitted, which directly affects the image quality of the screen. therefore, the technical level and production capacity of polarizing film have an important impact on the performance and competitiveness of display devices.

as a world-leading manufacturer of batteries and electronic materials, samsung sdi has been committed to promoting innovation and development in the fields of automotive batteries, energy storage systems and it equipment since its establishment in 1970. the divestiture of the polarizing film business is a strategic choice for samsung sdi to optimize resource allocation and focus on core competitiveness in the context of global competition. as a global cutting-edge polarizer manufacturer, hengmei optoelectronics has been committed to providing high-quality and stable polarizer supply to panel factories in many countries and regions around the world since its establishment. this acquisition will further enhance its position and influence in the global polarizer market.

as a first-class industrial investment institution in china, noyan capital has focused on cutting-edge fields such as optoelectronic display, third-generation semiconductors, new energy and smart cars since its establishment. it played an important role in this merger and acquisition, not only providing financial support for the merger and acquisition, but also using its deep industry resources and professional experience to provide strong guarantees for the post-merger business integration and development.

the polarizing film business transfer agreement between samsung sdi and the chinese company will help samsung sdi focus more on the development of its core business. for the chinese company, this acquisition will add new impetus to its competition in the global polarizing film market.