LG Electronics to sell 1.06 tln won new shares for smartphones
Seoul - Yonhap
LG Electronics Inc., the world's No. 3 cellphone maker, said Thursday it plans to issue new shares worth 1.06 trillion won (US$938 million) to raise capital for investments in its struggling mobile division and other core businesses. "Through the new share sales, LG aims to continue investing in smartphone and other key businesses and to revive its market leadership," the company said in a press release.
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