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Photo courtesy of Yonhap News |
[Alpha Biz= Kim Jisun] Kolon Group is moving to divest selected business units under Kolon Industries as part of a broader effort to restructure its portfolio following a comprehensive review of affiliate financials and overall business viability, according to an exclusive report by Seoul Economic Daily.
According to investment banking sources on May 10, Kolon Industries is pursuing the sale of its display coating materials and semiconductor packaging materials businesses. The company has appointed Samjong KPMG as the lead advisor and is expected to begin discussions with potential buyers in the near term.
The display coating materials unit produces overcoat materials—transparent protective layers used to planarize and safeguard pixels in organic light-emitting diode (OLED) panels. Meanwhile, the semiconductor packaging materials business supplies specialty epoxy resins used in copper-clad laminates (CCL), a key component in high-performance printed circuit boards (PCBs).
While both units are considered to have stable earnings structures, they have reportedly been classified as divestment candidates as Kolon accelerates its transition toward next-generation core materials businesses.
Kolon Group is said to be open to negotiations on valuation, leaving room for flexibility depending on investor interest and proposed pricing. Industry observers note that the businesses are viewed as stable, income-generating assets, and the group could reconsider the sale if offered valuations do not meet expectations.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
