China-based Valiant announced plans to spin-off its OLED production subsidiary, Yantai Gem Chemicals.
Yantai Gem Chemicals was established in 2005, and it produces intermediate materials for OLED panels (and other applications). If Valiant is successful in its plan, Yantai Gem will list in Shanghai's stock exchange. Following the spin-off, it will become an independent company, while Valiant will remain the major shareholder.
Posted: Aug 22,2023 by Ron Mertens
