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[Alpha Biz= Reporter Kim Jisun] LG Electronics unveiled its second corporate value enhancement plan (Value-Up Program) on the 17th, just two months after announcing the first phase in October, which included a goal to achieve a return on equity (ROE) of over 10% by 2027.

As part of its shareholder value enhancement strategy, LG Electronics announced it will retire approximately 760,000 treasury shares within next year, within the limits of distributable profits. The volume of shares to be retired represents about 0.5% of the company's total issued shares. Reducing the total number of shares outstanding through share retirement is expected to positively impact earnings per share (EPS) and book value per share (BPS), thereby enhancing shareholder value.

Additionally, LG Electronics disclosed that on December 6, it submitted the Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) for the IPO of its Indian subsidiary. LG Electronics aims to proceed with the IPO as part of its value enhancement strategy and will decide on the final listing based on market conditions and preliminary demand forecasts.

 

 

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