LG Electronics to burn 760,000 shares of its own stock next year...Indian corporation pushes for IPO

LG Electronics has announced a second plan to raise its corporate value next year, which will incinerate 760,000 shares of its own shares and push for an initial public offering of its Indian subsidiary.

LG Electronics announced that it will retire treasury stocks acquired within the range of dividendable profits next year to enhance shareholder value.

A reduction in the total number of outstanding shares due to treasury stock burning could increase EPS and net assets per share, resulting in a positive effect on shareholder value.

In addition, it said on the 6th that it has submitted preliminary screening documents for listing for the initial public offering of its Indian subsidiary to the Securities and Exchange Commission of India.

It then added that it plans to decide whether to go public or not based on market conditions and pre-demand forecast results.