KRX:006260

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LS in Talks With Authorities on Potential Investment in UK Cable Plant

LS (KRX:006260) is discussing a potential investment in a U.K.-based extra-high voltage cable plant with authorities, including the U.K. government, according to a Wednesday filing with the Korea Exchange.The disclosure is in response to media reports in May 2024 on the potential investment.The diversified industrial company will issue a follow-up disclosure once specific details are finalized or within six months.Shares of the company fell more than 1% in recent trade.

KRX:006260

Asia11d ago

LS Unit to Issue KRW500 Billion in Exchangeable Bonds

LS (KRX:006260) subsidiary LS Electric (KRX:010120) has decided to issue 500 billion won in private placement exchangeable bonds with a zero percent coupon rate, maturing on Nov. 9, 2031, according to a Korea bourse filing on Friday.The bonds are exchangeable into 1.9 million common shares of LS Electric at an exchange price of 270,000 won apiece, with an exchange period running from Nov. 10, 2026, to Oct. 9, 2031.The entire proceeds will be used for its North American investment and new business investment, with 400 billion won allocated for this year and 100 billion won for 2027.The bonds will be issued to designated purchasers, including Kiwoom Securities, KB Securities, and several private equity funds, with subscription and payment dates set for Nov. 9.

KRX:006260KRX:010120

Asia49d ago

LS Corp Says Investment in South Korea Rare-Earth Permanent Magnet Plant Not Finalized

LS Corp (KRX:006260) said that it is reviewing an investment to build what could become South Korea's first rare-earth permanent magnet plant, denying media reports that it has made a final investment decision on the project, according to a Wednesday filing with the Korea Exchange.The South Korea-based industrial holding company, while denying the reports published in The Korea Economic Daily, said it will make another disclosure within six months once specific details are confirmed.

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