LG Twin Towers in Seoul / Yonhap
LG Corp. stated Thursday it’s going to purchase a mixed 500 billion gained ($375.9 million) price of stake in its dwelling home equipment and chemical items from November as a part of efforts to extend their company worth.
LG plans to buy 200 billion gained price of shares in LG Electronics and 300 billion gained price of shares in LG Chem on two events, the corporate stated in a regulatory submitting.
If the acquisition is accomplished, LG’s stake in LG Electronics will enhance to 31.59 % from 30.47 %, and curiosity in LG Chem to 31.29 % from 30.06 %.
“The stake enhance is aimed toward sustaining secure administration management and enhancing the profitability of LG,” the corporate stated.
LG plans to announce its plan to spice up its company worth within the fourth quarter.
Beginning this yr, the corporate has been giving out half-year dividends to its stakeholders to strengthen shareholder worth. (Yonhap)
