Royole's 5.5-Gen flexible AMOLED line sold for $69 million, likely to HKC
Last month we reported that bankrupt US- and China-based OLED display maker Royole started a public auction to sell off its assets on the public Taobao's Ali Asset Platform, and have asked a starting price $170 million.
Following low interest, the company had to reduce the asking price, and it is now reported that it has managed to find a buyer, for $69 million USD. We do not know the buyer's identity, but it is speculated that it is HKC.