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[Alpha Biz=(Chicago) Reporter Kim Jisun] LG Display announced on the 18th that it will carry out a paid-in capital increase of 1.36 trillion won to secure investment funds and stabilize its financial structure.
LG Display held a board of directors meeting in the conference room of LG Twin Tower in Yeouido, Seoul on the afternoon of the 18th and decided to proceed with paid-in capital increase through a general public offering of forfeited shares after shareholder allocation.
It will issue 142.18 million new shares, totaling 1.3578 trillion won based on the estimated issuance price of 9,550 won. It will allocate 0.31789 shares per week on the 26th of next month as the base date for allocation.
LG Display said it will proceed with shareholder allocation capital increase to secure financial resources such as facility investment and improve financial structure.
LG Display continued to lose money for six consecutive quarters until the third quarter. As a result, the market has continued to mention the possibility of capital increase to improve its financial structure.
Meanwhile, LG Display's largest shareholder is LG Electronics, which holds a stake of 37.91％. LG Electronics will receive 43.11 million shares. If you participate in 100％, it will cost 411.7 billion won based on the estimated issuance price.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
