LG Electronics headquarter constructing in Yeouido, Seoul (LG Electronics)
LG stated Thursday it should purchase a mixed 500 billion received ($375.9 million) value of stake in its house home equipment and chemical items from November as a part of efforts to extend their company worth.
LG plans to buy 200 billion received value of shares in LG Electronics and 300 billion received value 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 improve to 31.59 p.c from 30.47 p.c, and curiosity in LG Chem to 31.29 p.c from 30.06 p.c.
“The stake improve is geared toward sustaining steady 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 12 months, the corporate has been giving out half-year dividends to its stakeholders to strengthen shareholder worth. (Yonhap)
