LS announced on the 13th that its subsidiary LS Cable & System will acquire an additional 19,262,773 shares of LS Materials, an affiliate of the electronics charger manufacturing company, for about 59.6 billion won.
After acquiring shares, LS Cable & System's stake in LS Materials will be 68.9%.
The stock acquisition date is the 30th of next month.
Reporter Lee Ji-sun stockmk2020@gmail.com
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