Samsung Display recently revealed plans of selling outdated LCD equipment from a production line in Cheonan, South Korea to Chinese manufacturer Truly, according to a recent Yonhap News report.

The display subsidiary of Samsung Group is clearing out LCD equipment to update facilities, which could involve making room for new OLED facilities, the report noted.

"The move aims to offload outdated equipment and install new ones," said Kim Ho-jung, a communications official at Samsung Display. "We have not yet, however, decided how to utilize the empty space after the sales."

Kim noted the company is considering options including OLED panels. Workers at the Cheonan facility are to be relocated to other OLED production lines.

Samsung Display said it is still in talks with the Chinese company on the price of the sales, and on shipment of outdated LCD equipment.