LG ELECTRONICS INC. (066570) said no decision has been made on an overseas listing of Bear Robotics. Newsis reported Monday that LG issued the September 7 filing in response to reports about its robot subsidiary.
The response follows press reports about pre-IPO fundraising and the appointment of Bank of America as an adviser. LG said it would provide another disclosure when details become definite or within one month of the filing.
LG acquired a 51% stake in Bear Robotics last year and integrated its commercial robot business with the subsidiary. The company's market capitalisation was ₩34.9 trillion at Monday's close.
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| Symbol | Last Price |
|---|---|
| 066570LG ELECTRONICS INC. | ₩214,000 +6.2% |