The sale of South Korea's Orion Electric Co. to a U.S. fund has hit a last-minute snag due to opposition from its largest creditor, putting the deal in peril of being aborted, industry sources said Thursday.
"The company's up-market technology for OLED has been overlooked and the company is undervalued overall," the insurer said.
In order to revive the company, it is necessary to sell competitive divisions like the OLED segment after separating loss-making operations, it added.
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