In 2019, Doosan Corp spun-off its OLED materials unit, which is now called Doosan Solus (and is listed on the Korean stock market). Doosan Solus produces host materials for OLED displays (in addition to battery foil materials and bio components used in cosmetics and pharmaceuticals).
According to reports from Korea, Doosan Corp is looking to raise funds to bail out its troubled Doosan Heavy I&C company, and is looking to sell its 51% stake in Doosan Solus. The reports suggest that Doosan Corp is looking to get 600 billion Won (almost $500 million USD) for its stake, and a possible buyer is private equity fund SkyLake Investment.
Source:
Posted: Apr 12,2020 by Ron Mertens
