[경제]The spin-off of LG Chem’s’ battery business’ is confirmed … Approved by the temporary shareholders’ meeting

[앵커]

The spin-off of LG Chem’s battery business was completed.

LG Chem held an extraordinary general meeting of shareholders today and decided on this agenda.

Connect with reporters. Reporter Lee Ji-eun!

Please tell me what you just decided.

[기자]

Yes, at the extraordinary meeting of shareholders of LG Chem held this morning the agenda for the division of the battery division was approved.

Consequently, LG Chem’s battery business will be launched in December as a new corporation, LG Energy Solutions.

The extraordinary general meeting of shareholders at LG Twin Tower in Yeouido was quieter than expected.

Due to the introduction of electronic voting, only about 100 shareholders attended the site directly.

LG Chem announced today that the division plan was approved with 82.3% of the total number of shares present and 63.7% of the total number of shares issued with voting rights.

LG Chem shares belong to related parties such as LG Corp. (30%), national pensions (10%), foreign investors (40%) and national institutions and individuals (10% each).

[앵커]

Reorganize the process from the announcement of the derived plan to the confirmation.

[기자]

Yes, LG Chem held an emergency board meeting on the 17th of last month and officially announced plans to spin off the battery business.

It has also been revealed that the spin-off will take place through a physical division rather than a human division, in which existing shareholders share shares.

When the news was first announced, there was a strong reaction from ant investors who bought LG Chem shares after seeing the value of the battery business.

There was even a request from the Blue House to avoid damage by division.

Shareholders who met with YTN reporters in front of shareholders voiced their opposition today, saying that if the spin-off takes place, only the company will receive the profits, not the shareholders.

Unlike the domestic and foreign voting rights advisory organizations that voted in favor of the spin-off, the National Pension Service also voiced opposition, saying that shareholder value suffered.

LG Chem Vice Chairman Shin Hak-cheol said at today’s shareholders meeting that it decided to separate to establish an optimized management system and solidify its super-divided position in a rapidly changing market situation.

LG Chem plans to expand the investment by utilizing various financing plans through the spin-off of its subsidiaries and ensuring a solid position in the world.

YTN Lee Ji-eun from the Ministry of Economy[[email protected]]it is.

[저작권자(c) YTN & YTN plus 무단전재 및 재배포 금지]