LG, Expected to increase competitiveness due to separation of affiliates through equity spinoff(Daishin Securities)
LG, Expected to increase competitiveness due to separation of affiliates through equity spinoff(Daishin Securities)
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  • 승인 2020.11.27 17:32
  • 최종수정 2020.11.27 17:17
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LG
LG

[Infostock Daily= Reporter An Hoe Hyun] Daishin Securities announced the LG’s establishment of a new holding company through equity spinoff on the 27th and predicted that increasing its efficiency and business competitiveness through responsible management will lead to an increase in corporate value. Investment opinion 'Buy' and target stock price of 110,000 won remained, respectively.

On the previous day, LG decided to establish a LG new holding company(tentative name) through equity spinoff. LG new Holding Company is expected to focus on managing each company's performance and business portfolio, dominating LG International, LG Hausys, LGMMA, Silicon Works and Pantos.

As shown by the split ratio, the split decision will not have a significant impact on LG's dividend policy and profit structure, and there will be no change in the receipt of brand royalties until 2021.

"We will complete the separation of affiliates for independent management and responsible management through equity swap as soon as possible after the split listing and new listing," the company explained, adding, "The split event itself does not have a significant impact on LG's corporate value, but if two holding companies enhance their efficiency and business competitiveness through independent and responsible management after the division, it can lead to an increase in corporate value."

Reporter An Hoe Hyun ahh@infostock.co.kr


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