LG Electronics has announced its second plan to enhance corporate value, which includes the cancellation of about 760,000 treasury shares next year and pursuing the initial public offering (IPO) of its Indian subsidiary.
LG Electronics disclosed that it will cancel the acquired treasury shares within the range of distributable profits next year to enhance shareholder value.
If the number of shares issued decreases due to the cancellation of treasury shares, earnings per share and book value per share may rise, positively impacting shareholder value.
Additionally, the company revealed that it submitted a preliminary listing review document to the Securities and Exchange Board of India on the 6th for the IPO of its Indian subsidiary.
It further stated that the decision on the final listing will be based on market conditions and pre-demand forecasts.
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