LG Display has terminated its planned transfer of the automotive liquid crystal display module business operated by its Nanjing subsidiary to Toprun Total Solution. The February agreement set the price at 491.5 million Chinese yuan, approximately 104.1 billion Korean won or $80 million. The companies continued negotiating detailed contract conditions but failed to reach a final agreement on completing the transaction. The planned closing date was postponed from July 30 to Sept. 30 before the sale was withdrawn. LG Display had intended to outsource production after the transfer to improve operational efficiency and profitability. The termination was agreed by both companies without separate penalties or financial burdens, and they said they would maintain their existing business relationship.