Exchange Passes Preliminary Review for LG New Holding Company Spin-off Re-listing
[Asia Economy Reporter Park Jihwan] The Korea Exchange announced on the 9th that the preliminary review for the re-listing of shares of LG's newly established corporation through a spin-off, LG Sinseol Jiju (tentative name), has been confirmed as eligible.
LG Sinseol Jiju is a holding company separated from Vice Chairman Koo Bon-joon's affiliates. It plans to manage subsidiaries through ownership of shares in LG Sangsa, LG Hausys, LG MMA, and Silicon Works. The scheduled establishment date is May 1.
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As of the second quarter of last year, LG Sinseol Jiju's operating revenue was 88.2 billion KRW, and net income was 86.7 billion KRW.
This content was produced with the assistance of AI translation services.
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