LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed on October 11, 2007, by LG.Philips LCD Co., Ltd., a foreign private issuer headquartered in Seoul, Republic of Korea. The filing reports a material event regarding a change in ownership structure for the month of October 2007.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a specific equity transaction.
Material Changes
Philips Electronics sold a portion of its ownership interest in LG.Philips LCD Co., Ltd. The details of the transaction are as follows:
- Shares Sold: 46,400,000 shares
- Method of Sale: Block trade after the close of the market on the Korea Exchange (KRX)
- Settlement Date: October 15, 2007
- Post-Transaction Ownership: Philips Electronics retains a 19.9% ownership interest, representing 71,225,000 shares.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management commentary on operational outlook, specific risks, contingencies, or unusual items beyond the reported share sale.
Key Facts for Investor Verification
- Verify the exact post-transaction share count and percentage ownership of Philips Electronics (19.9% / 71,225,000 shares).
- Confirm the settlement date of October 15, 2007, and the execution of the block trade on the KRX.
- Assess the strategic implications of Philips reducing its stake to just under 20%.