British investment company Silchester's stake in LG exceeds 5%
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
김지선
stockmk2020@alphabiz.co.kr | 2023-04-12 15:48:55
[Alpha Biz=(Chicago) Reporter Paul Lee] The stake of Silchester International Investors LLP (Limited Liability Company), a British investment company, in LG exceeded 5%.
Silchester International announced on the 12th that LG's holdings amounted to 7,896,588 shares, 5.02% of the total shares. Under the Capital Markets Act, shareholders with a 5% or more stake in listed companies are subject to disclosure obligations.
Silchester International is introducing itself as an investment firm based in the UK that manages assets such as American universities, pension funds and foundations. In Korea, it has been attracting attention as it was listed as a major shareholder in KT investment in 2011.
Silchester International listed the purpose of acquiring LG shares as 'general investment'. LG has been investing steadily in LG since four to five years ago, and LG explained that it has made a public announcement this month with its stake exceeding 5%. As of the end of last month, the stake in Silchester International was about 3.9%.
Meanwhile, with the Silchester International equity disclosure, LG shares are soaring. LG traded at 93,800 won at 2:22 pm, up 8,400 won (9.84%) from the previous day. Stock prices rose to 98,000 won at one point in the day.
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