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The Korea Herald
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THE INVESTOR
March 30, 2024

Market Now

Robostar’s largest stakeholder changes to LG Electronics

  • PUBLISHED :May 30, 2018 - 11:35
  • UPDATED :May 30, 2018 - 11:35
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[DISCLOSURE] Robostar (090360) announced on May 29 that its largest shareholder will change to LG Electronics (066570) as previous largest stakeholder Kim Jeong-ho and one other have signed a contract to sell their 977,735 shares (12.54 percent stake) to the company at 25.8 billion won (US$23.84 million). 

The due date for transaction is July 17. 

It will also issue 1.95 million shares and offer to LG Electronics for a 53.6 billion won capital raise to finance operations, the company said in a separate announcement. 

By Hwang You-mee (glamazon@heraldcorp.com)

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