[eDisclosure Notice] LGU+ Invests 7.2 Billion KRW in Obigo, etc. (Morning Summary)

[Asia Economy Reporter Junho Hwang] LG Uplus announced on the 15th that it has made an equity investment worth 7.231 billion KRW in the smart car software (SW) company 'Obigo.' Obigo is a company that develops software platforms used in smart cars. The Obigo platform has been adopted by global vehicle operating system (OS) company BlackBerry's 'QNX' and SsangYong Motor's connected service 'Infocon.' Through this investment, LG Uplus plans to expand its business area into the smart mobility infotainment sector by leveraging Obigo's existing customer base in the automotive industry. Below are the major disclosures released this morning.

◆Obigo=Obigo decided to conduct a third-party allotment paid-in capital increase worth 723.21 million KRW targeting LG Uplus to raise operating funds. A total of 602,675 common shares will be issued as new shares at an issue price of 12,000 KRW per share. The scheduled listing date for the new shares is October 12.

◆Dong-A ST=Decided to additionally acquire 1,912,145 shares of Neurobo Pharmaceuticals. The acquisition amount is 51.144 billion KRW, which corresponds to 7.8% of the company's equity capital. After acquisition, the shareholding ratio will be 50.8% (2,045,542 shares), with the expected acquisition date being October 31. The company stated that the purpose is "to establish a partnership for global clinical development."

◆Magic Micro=The Korea Exchange announced that, to protect investors, it will suspend trading of Magic Micro's common stock from 9:34 AM on the 15th until the court's decision on the injunction application regarding delisting or suspension of effectiveness is confirmed.

◆L&F=L&F disclosed that the Ministry of Trade, Industry and Energy has denied approval for its U.S. cathode material plant construction, stating, "This review result has no impact whatsoever on the company's future new facility investments, overseas expansion, new product development, or sales outlook." The company added, "Our cathode material (NCMA Ni-90% or higher) plays a key role in the secondary battery industry, which is a future growth industry, and is designated and protected as a national core technology." It further stated, "We humbly accept the decision of the Industrial Technology Protection Committee as a government measure to protect national core technologies and plan to request a re-examination by supplementing the deficiencies found during the review." Additionally, "We will further consider various measures to protect core technologies, including overseas solo expansion, to contribute to the national interest."

◆Kumho Construction=Kumho Construction signed a contract with Korea Western Power for the construction of the Gumi natural gas power plant. The contract amount is 224.5371 billion KRW, which corresponds to 10.87% of the 2021 sales. The contract period is from October 4 to December 3, 2025.

This content was produced with the assistance of AI translation services.