LG Chem plans to sell LG Energy Solution stake for shareholder returns

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LG Chem plans to sell LG Energy Solution stake for shareholder returns

This photo provided by LG Chem shows its new CEO, Kim Dong-chun. [YONHAP]

This photo provided by LG Chem shows its new CEO, Kim Dong-chun. [YONHAP]

 
Korea's LG Chem said on Friday that it plans to lower its stake in its subsidiary LG Energy Solution from around 80 to 70 percent in a bid to improve long-term finance and boost shareholder returns, according to a company filing.
 
Shares of LG Chem fell 2 percent in Seoul trading.
 

 

Yonhap
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