SEOUL  South Korean battery maker Samsung SDI said on Tuesday it had decided to sell its polarising film business to China's Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won (US$836.47 million or RM3.64 billion).

Samsung SDI said in a regulatory filing the sale includes the manufacturing and sales of polarising films in the South Korean regions of Cheongju and Suwon, as well as 100% of its overseas unit at Wuxi, China.

The battery maker said the department making the divestment plans to focus on materials for semiconductors, organic light-emitting diode (OLED), and batteries going forward, to enhance competitiveness and maximise synergy with the battery business through continuous investment.

  - Reuters