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Samsung, Sony LCD JV to cut capital by $555 mn

CIOL Bureau

25 Apr 2011 00:00 IST

Updated On 25 Apr 2011 05:03 IST

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SEOUL, SOUTH KOREA: S-LCD, a flat screen joint venture between Japan's Sony Corp and South Korea's Samsung Electronics, said on Monday it would cancel 120 million shares to reduce capital by 600 billion Korean won ($555 million).

The South Korean-based venture said the move was aimed at improving its capital structure.

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