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LG Chemical’s Board Approves Spin-off

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By: TOM BRANNA

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LG Chemical, Ltd., the largest chemical company in Korea, announced today that the company’s board approved its plan to demerge the company into three separate companies: LG Chem Investment, Ltd.; LG Chem Ltd. and LG Household & Health Care, Ltd. The company will open an extraordinary general meeting on Dec. 28. If the plan is approved, the actual spin-off will take place on April 1.The proposed demerger is a significant step for LG Chemical in its on-going efforts to create sharehold...

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