SEOUL, March 18 Samsung Mobile Display said on
Friday that it would place new shares worth 3.4 trillion won ($3
billion) to its shareholders Samsung Electronics Co (005930.KS)
and Samsung SDI (006400.KS) to boost production of
next-generation mobile displays.
The 50-50 joint venture is the world's top producer of
organic light-emitting diodes (OLED), a display in severe short
supply due to strong demand from high-end mobile gadgets such as
smartphones and tablets.
Samsung Mobile Display said the breakdown of the share
placement between its parent companies had yet to be decided.
(Reporting by Miyoung Kim; Editing by Jonathan Hopfner)