Business Context and Reporting Period
This Form 6-K filing by LG.Philips LCD Co., Ltd. (now LG Display Co., Ltd.) covers the month of August 2006, specifically dated August 9, 2006. The report discloses a material change regarding the establishment of a new overseas subsidiary.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is the paid-in capital for the new subsidiary, which is USD 1,000,000.
Material Changes
The registrant announced the establishment of a new affiliated company:
- Entity Name: LG.Philips LCD Guangzhou Co., Ltd.
- Location: Guangzhou, China.
- Relationship: 100% owned subsidiary of LG.Philips LCD Co., Ltd. and an affiliated company of LG Group.
- Major Business: Manufacturing of TFT-LCD Modules.
- Representative Director: Ki Seon Park.
- Date of Establishment: August 9, 2006.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, specific risks, contingencies, or unusual items beyond the notification of the new subsidiary's formation.
Investor Verification Checklist
- Verify the operational status and production timeline of the new Guangzhou TFT-LCD module facility.
- Confirm the strategic rationale for expanding manufacturing capacity in Guangzhou, China.
- Check for subsequent filings regarding capital expenditures or operational results related to this new subsidiary.