US EditionLg Chem Sells Approximately 5.75 Million Shares of Lg Ensol, Valued at Approximately 2 Trillion Won.
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LG Chem to Raise 2 Trillion Won by Selling LG Energy Solution Shares Through PRS
LG Group CI (Photo courtesy of LG Group) LG Chem is set to secure liquidity of 2 trillion won by selling shares of its subsidiary LG Energy Solution. The company announced on Oct. 1 that it would raise 1.9981 trillion won from multiple securities firms using 5.75 million shares of LG Energy Solution as underlying assets through a price return swap (PRS) method. PRS is a derivative product where the parties involved pay each other the differenc…
Lg Chem Sells Approximately 5.75 Million Shares of Lg Ensol, Valued at Approximately 2 Trillion Won.
[Digital Daily Reporter Go Seong-hyeon] LG Chem (CEO Shin Hak-cheol) is securing approximately KRW 2 trillion in liquidity by selling shares of LG Energy Solution. LG Chem announced on the 1st that it plans to enter into a stock-earning swap (PRS) agreement using shares of its subsidiary LG Energy Solution. A PRS is a derivatives contract based on the underlying asset, such as shares of a subsidiary. During the contract period, a company pays fe…
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