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LPL » Topics » Decision regarding an Equity Investment

This excerpt taken from the LPL 6-K filed Oct 14, 2009.

Decision Regarding an Equity Investment

1. Method of equity investment: Equity investment in a joint venture company (to be established)

2. Purpose of equity investment: Formation of an overseas manufacturing base

3. Resolution of Board of Directors

- Date : October 14, 2009

- Attendance of Outside Directors: 5 out of 5 outside directors

4. Remarks

On October 14, 2009, the board of directors of LG Display approved the establishment of a joint venture company in China with the City of Guangzhou, China. The total investment amount of this joint venture is currently expected to be approximately US$4 billion. This proposed venture, including its total investment amount, remains subject to the approval from the relevant governmental authority. The specific terms of the joint venture, including the joint venture company’s initial shareholders’ equity amount and LG Display’s shareholding percentage, its investment amount and schedule of equity investment in the joint venture company, have not yet been determined.

This excerpt taken from the LPL 6-K filed Apr 16, 2009.

Decision regarding an Equity Investment

1. Details of company for equity investment

 

1) Name of company    Wooree LED Co., Ltd.
2) Representative director    Chul Joo Yun, Sang Yeol Park
3) Paid in capital (KRW) (as of 03/31/09)    8,000,000,000
4) Total number of outstanding shares prior to equity investment    16,000,000
5) Main business   

LED package & module business

for display and LED lighting use

2. Details of equity investment,

 

1) Number of shares to be acquired    6,800,000
2) Investment amount (KRW)    11,900,000,000
3) Stockholder’s equity of LG Display Co., Ltd (KRW) (as of 12/31/08)    9,276,022,025,035
4) Ratio of investment amount to stockholder’s equity    0.1%

3. Number of shares to be held by LG Display Co., Ltd and shareholding ratio after equity investment

 

1) Number of shares to be held    6,800,000
2) Shareholding ratio    29.8%

 

4. Method of equity investment    : Participation in a capital increase
5. Purpose of equity investment    : Strategic alliance
6. The planned investment date    : May 22, 2009
7. Date of investment contract    : April 16, 2009

This excerpt taken from the LPL 6-K filed Sep 2, 2008.

Decision Regarding an Equity Investment

 

1.    Name of company in which equity investment will be made:    Suzhou Raken
      Technology Ltd. (China)
2.    Purpose of equity investment:    Formation of a joint venture with Taiwan-based
      AmTRAN Technology Co., Ltd. in order to strengthen competitiveness
3.    Main business of J/V: Manufacture of LCD modules and LCD TVs
4.    Planned paid in capital of J/V: KRW 22.1 B
5.    Investment amount of LG Display: KRW 11,262 M
6.    Shareholding ratio of LG Display: 51%
7.    Method of equity investment:    Cash
8.    Initial equity investment date:   

Within one month after the Registration Date

(During September, 2008)

9.    Date of Joint Venture agreement: August 29, 2008
10.    Others:
   - The investment amount and initial investment date are subject to change.

This excerpt taken from the LPL 6-K filed May 13, 2008.

Decision regarding an Equity Investment

1.        Details of company for equity investment

 

1) Name of company

    TLI Inc

2) Representative director

    Dal Soo, Kim

3) Paid in capital (KRW) (as of 12/31/07)

    3,338,537,500    

4) Total number of outstanding shares prior to equity investment

    6,677,075    

5) Main business

    Manufacture and sale of semiconductor components    
for flat panel display

2.        Details of equity investment,

 

1) Number of shares to be acquired

    1,008,875  

2) Investment amount (KRW)

    14,073,806,250  

3) Stockholder’s equity of LG Display Co., Ltd (KRW) (as of 12/31/07)

    8,289,373,180,932  

4) Ratio of investment amount to stockholder’s equity

    0.17 %

3.        Number of shares to be held by LG Display Co., Ltd and shareholding ratio after equity investment

 

1) Number of shares to be held

    1,008,875  

2) Shareholding ratio

    13 %

 

4.        Method of equity investment    : Participation in a capital increase
   (Allocation of 100% newly issued shares to LG Display)
5.        Purpose of equity investment    : Strategic alliance
6.        The planned investment date    : May 16, 2008
7.        Date of internal decision    : May 13, 2008

This excerpt taken from the LPL 6-K filed May 6, 2008.

Decision regarding an Equity Investment

1. Details of company for equity investment

 

1) Name of company

    AVACO CO., LTD.

2) Representative director

    Deuk Ki Seong

3) Paid in capital (KRW) (as of 12/31/07)

    4,100,000,000

4) Total number of outstanding shares prior to equity investment

    8,200,000

5) Main business

    Manufacture and sale of equipment for flat panel display

2. Details of equity investment

 

1) Number of shares to be acquired

    2,037,204

2) Investment amount (KRW)

    6,172,728,120

3) Stockholder’s equity of LG Display Co., Ltd (KRW) (as of 12/31/07)

    8,289,373,180,932

4) Ratio of investment amount to stockholder’s equity (%)

    0.07

3. Number of shares to be held by LG Display Co., Ltd and shareholding ratio after equity investment

 

1) Number of shares to be held

    2,037,204

2) Shareholding ratio (%)

    19.9

 

4. Method of equity investment    : Participation in a capital increase
   (Allocation of 100% newly issued shares to LG Display)
5. Purpose of equity investment    : Strategic alliance
6. The planned investment date    : Around June 9, 2008
7. Date of internal decision    : May 2, 2008

 

* This transaction remains subject to applicable regulatory approval.

EXCERPTS ON THIS PAGE:

6-K
Oct 14, 2009
6-K
Apr 16, 2009
6-K
Sep 2, 2008
6-K
May 13, 2008
6-K
May 6, 2008

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