LS Cable & System Acquires Additional 19.3 Million Shares of Affiliate LS Materials
[Asia Economy Reporter Dongwoo Lee] LS announced on the 13th that its subsidiary LS Cable & System will additionally acquire 19,262,773 shares of LS Mtron, an electronic capacitor manufacturing affiliate, for approximately 59.6 billion KRW.
After the stock acquisition, LS Cable & System's stake in LS Mtron will be 68.9%. The scheduled date for the stock acquisition is the 30th of next month.
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LS stated that the purpose of this stock acquisition is to participate in LS Mtron's paid-in capital increase (in-kind contribution) resulting in the stock acquisition.
This content was produced with the assistance of AI translation services.
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