On September 1st, under the leadership of Noyan Capital, Hengmei Optoelectronics, a subsidiary of Haosheng Technology Group, signed a delivery agreement with South Korean Samsung SDI, officially completing the acquisition and delivery of Samsung SDI's polarizer business. The transaction amount is nearly RMB 6 billion, and the scope of the transaction includes polarizing film production lines, businesses, personnel, and over 1000 intellectual property rights in South Korea and China.
This transaction marks Hengmei Optoelectronics becoming the world's largest polarizer manufacturer in terms of production capacity, and is also a key step in Hengmei Optoelectronics' global strategic layout, further consolidating China's core position in the global display industry chain. In September 2024, Hengmei Optoelectronics and Noyan Capital jointly signed a formal agreement with South Korean Samsung SDI to acquire its polarizing film business assets. After initiating the merger and acquisition transaction, Hengmei Optoelectronics and Noyan Capital jointly established a special merger and acquisition team, gathering elite backbone from core departments such as strategy, legal, finance, human resources, technology, and operations to comprehensively plan and efficiently promote various complex links before delivery.
According to the public announcement released by Samsung SDI, the transaction amount is 1.12 trillion Korean won (approximately 6 billion yuan), and the sale scope includes Samsung SDI's polarizing film production and sales business in Cheongju and Suwon regions of South Korea, as well as 100% equity of Samsung (Wuxi) Electronic Materials Co., Ltd.
Samsung SDI is a globally renowned display materials company, with core competitiveness in technology research and development, quality control system, and international customer network for its polarizer business. It not only has multiple innovative products and OLED production lines, but also has the fastest production speed and highest yield rate in the industry. It has leading strength in innovative fields such as QLC, sAGLR, and VAC.
As a domestic enterprise in the polarizer field, Hengmei Optoelectronics has the ability to produce ultra wide production lines on a large scale, efficient domestic market channels, and flexible innovation mechanisms. After this delivery, Samsung SDI's OLED low-power technology and strict quality standards will be combined with Hengmei's ultra wide width process and automation equipment solutions to promote the upgrading of polarizer products towards "high-end and diversified", especially in emerging fields such as in car displays and flexible displays.
After this delivery, Samsung SDI's OLED low-power technology and strict quality standards will be combined with Hengmei's ultra wide width process and automation equipment solutions to promote the upgrading of polarizer products towards "high-end and diversified", especially in emerging fields such as in car displays and flexible displays. At the same time, by integrating global production bases such as Qingzhou, Wuxi, Kunshan, and Fuzhou, and optimizing scheduling, the overall capacity utilization and delivery cycle of Hengmei Optoelectronics will be further optimized. In terms of market expansion, by combining the global sales channels of South Korean M&A business and relying on domestic networks to deepen local services, Hengmei Optoelectronics will form a market pattern of "global layout and local response", greatly improving market competitiveness.
Hengmei Optoelectronics stated that integration is not simply business stacking, but rather the optimization and restructuring of global polarizer industry resources. Chen Rongsheng, Chairman of Haosheng Technology Group, stated that the successful acquisition has a significant impact on the global optoelectronic display industry landscape. After the completion of the delivery, it will greatly enhance China's influence in the polarizer industry.
