LG Display Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on April 16, 2009, reports a material corporate event for LG Display Co., Ltd., a foreign private issuer based in Seoul, Republic of Korea. The filing discloses a strategic equity investment decision rather than periodic financial results.
Key Financial Metrics and Investment Details
The filing details an investment in Wooree LED Co., Ltd., a company engaged in LED package and module business for display and lighting. Key figures include:
- Investment Amount: KRW 11,900,000,000
- Shares Acquired: 6,800,000 shares via participation in a capital increase
- Post-Investment Ownership: 29.8% shareholding ratio
- Target Company Capital: KRW 8,000,000,000 paid-in capital (as of March 31, 2009)
- LG Display Stockholder's Equity: KRW 9,276,022,025,035 (as of December 31, 2008)
- Investment Ratio: The investment amount represents 0.1% of LG Display's stockholder's equity
The filing does not provide current period revenue, profit, cash flow, margins, debt, or liquidity metrics for LG Display.
Material Changes and Strategic Purpose
The primary material change is the execution of an equity investment contract dated April 16, 2009, with a planned investment date of May 22, 2009. The stated purpose of this transaction is to form a strategic alliance with Wooree LED Co., Ltd.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors related to the investment beyond the standard disclosure of the transaction terms. No unusual items or contingencies are described in the text.
Key Facts for Investor Verification
- Verify the strategic rationale and expected synergies of the 29.8% stake in Wooree LED Co., Ltd.
- Confirm the final closing of the KRW 11.9 billion investment on or around May 22, 2009.
- Review subsequent financial reports to assess the impact of this investment on LG Display's consolidated financial statements.
- Note that the filing does not contain updated operational or financial performance data for LG Display for the period ending April 2009.