LG Display Plans 1.4 Trillion Won Rights Issue

SEOUL - LG Display Co., a leading South Korean panel manufacturer, announced on Monday its intention to raise 1.4 trillion won (US$1.08 billion) through a rights offering. This initiative is aimed at financing the company's operations.

According to Yonhap News Agency, In a regulatory filing, LG Display stated that it will issue approximately 142.2 million new common shares, priced at 9,550 won per share, to be sold to its shareholders. This rights issue is part of LG Display's broader strategy to strengthen its financial position and continue its operational growth.

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