Business · Markets · 2 hrs ago
LG Energy Solution shares fall after LG Chem plans large stake sale
On Oct.
29, LG Energy Solution shares fell 7.06% in early trading in South Korea after its largest shareholder announced a major sale.
The seller is LG Chem, the battery maker’s parent company, which plans to sell about 6.54 million shares.
The shares are expected to be sold from Nov.
27 to Dec.
24, at a reference price of 382,500 won each, for about 2.5 trillion won in total.
LG Chem said the sale is intended to improve its financial structure.
Investors also have reason to worry about more sales because LG Chem has said it plans to gradually reduce its stake in LG Energy Solution to about 70% over roughly five years.
The prospect of further shares coming onto the market weighed on investor confidence; LG Chem shares also fell by more than 2% in early trading.
LG Energy Solution shares fell about 7% in early trading on Oct. 29 after parent company LG Chem announced plans to sell a large stake.
LG Chem said the sale was intended to improve its financial structure.
The planned disposal is valued at about 2.5 trillion won, based on a reference price of 382,500 won per share.
Investors were also concerned that the transaction could add to potential selling pressure and that further stake sales may follow.
The reports give different figures for the number of shares involved in the planned transaction.
- Who
- LG Chem, the parent and largest shareholder of LG Energy Solution, plans the sale; LG Energy Solution shares fell.
- What
- LG Chem announced a large stake disposal, and LG Energy Solution shares dropped about 7% in early trading.
- When
- Oct. 29, 2026; LG Chem announced the decision the previous day.
- Where
- South Korea’s KOSPI market.
- Why
- LG Chem said the sale was intended to improve its financial structure. Investor concerns about selling pressure and possible future sales weighed on the shares.
This story does not have two clearly opposing sides.
LG Chem sold LG Energy Solution shares in a transaction worth 2 trillion won, according to Hankyung.
LG Chem’s board decided on a large disposal of LG Energy Solution shares, according to Yonhap.
LG Energy Solution shares were down about 7% in early trading.
Yonhap reported this as the planned period for the disposal.
- Share-price decline
- 7.19% to 361,500 won at 9:16 a.m., according to Hankyung
- Planned sale value
- About 2.5 trillion won, according to Yonhap
- Reference price
- 382,500 won per share
- Share count
- Hankyung reports 5,635,939 shares; Yonhap reports 6,535,939
- Planned disposal period
- Nov. 27-Dec. 24, 2026, according to Yonhap