Connect with us

LG shareholders approve plan to spin off five subsidiaries

Published

on

LG shareholders today approved the company’s plan to spin off five subsidiaries. It is envisioned that this will allow it to focus on existing core businesses such as electronics, chemicals and telecommunications services.

Back in November last year, LG announced that it would spin off a new holding company and transfer its stakes in LG International Corp, LG Hausys Ltd, Silicon Works Co Ltd, LG MMA Corp and Pantos Logistics Co. The move marks the latest reorganization in one of South Korean family conglomerates passing to a new generation.

The plan was approved by 76.6% of shareholders attending the AGM, despite objections from hedge funds and proxies for the plan. The meeting was attended by just over 89% of all shareholders of LG Corp.

Critics of the plan believe that it does not address issues related to capital management and trading in the company’s shares at a discount to net worth.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Phones

Four iQOO smartphones will receive Android 12 in December

Published

on

The iQOO brand has revealed Android 12 release dates for a number of its models. True, we are not yet talking about the final version of Android 12 – it will have to wait longer.

IQOO 7, iQOO 7 Legend, iQOO Z3 and iQOO Z5 users will receive the Android 12 beta at the end of the year – at the end of December. And at the end of March 2022, the beta version of Android 12 will be released for iQOO 3.

Continue Reading

Phones

Another foldable smartphone comes out in November – with 120Hz OLED screen, Snapdragon 888 and 50MP camera

Published

on

Details about the Oppo smartphone with a flexible screen appeared on the web. According to the source, the device will be released in November and will be built on a single-chip Qualcomm Snapdragon 888 platform.

The smartphone does not have a name, but the key characteristics are listed. So, the device is assigned an OLED screen with a diagonal of 8 inches with a frame rate of 120 Hz, a 32-megapixel front camera and a multi-module main camera with a main sensor with a resolution of 50 megapixels, a 4500 mAh battery with support for 65 W fast charging. The operating system is expected to be Android 11 with ColorOS 12 interface. There is no price, but it will probably be more affordable than the Samsung Galaxy Z Fold3.

Continue Reading

News

Not a trace remained of $ 66,000. Bitcoin fell, followed by Ethereum

Published

on

The week began for the main cryptocurrencies of the world with a rise in price and the establishment of new price highs, and ends with a fall, and quite noticeable. Over the course of a day, Bitcoin loses about 4.5% of its value, and as a result, for 1 BTC now they give not $ 66,000, but about $ 60,500.

After Bitcoin began to fall, Ethereum was still holding, but its rate had already gone down too, dropping below the psychological mark of $ 4,000. Analysts believe that such a fall in cryptocurrencies is due to their sell-off on the part of investors – they are fixing profits against the backdrop of a strong growth in value that has been observed since the end of September. This means that after the current correction, Bitcoin may rush to new heights, but whether altcoins will follow it is a big question.

Not a trace remained of $ 66,000.  Bitcoin fell, followed by Ethereum

Interestingly, against the background of a decrease in quotations of other cryptocurrencies from the Top 10, Solana feels very confident: it grew by almost 6% per day, and by almost 25% in a week.

Continue Reading

Most Popular