LS, LS Nikko Dongjeong Co., Ltd. Decides to Acquire Additional Shares for 933.1 Billion KRW

[Asia Economy Reporter Lee Jung-yoon] LS announced on the 19th that it has decided to acquire 23,279,087 shares of its affiliate LS Nikko Dongjeon for 933.1422 billion KRW.

This represents 19.81% of equity capital as of the end of last year, and the acquisition method is cash purchase. The purpose of the acquisition is to strengthen business control and secure new growth engines through additional acquisition of subsidiary shares.