Taekwang Industrial Co., Ltd. (KOSE:A003240) agreed to acquire remaining 40% stake in TL Chemical Co., Ltd. from LG Chem, Ltd. (KOSE:A051910) for KRW 49.1 billion on November 24, 2025. A cash consideration valued at KRW 33207 per share will be paid by Taekwang Industrial Co., Ltd. As part of acquisition, 1,480,000 shares will be acquired.
The transaction is expected to complete in December 2025.
LG Chem Ltd is a Korea-based company principally engaged in the manufacture of petrochemical materials. The Company operates its business through five segments. The Petrochemistry Business segment is mainly engaged in the manufacture of basic materials which are mainly used for petrochemical industry, and the products include polyvinyl chloride (PVC) resins, low-density polyethylene (LDPE), poly styrene (PS), and acrylonitrile butadiene styrene (ABS). The LG Energy Solution Business segment mainly engages in the manufacture of rechargeable batteries for mobile phone, automobile and storage batteries. The Advanced Materials Business segment mainly manufactures optical materials for manufacturing polarizers, and electronic materials including liquid crystal display (LCD) materials and cathode materials. The Life Science Business segment engages in the bio pharmaceutical business. The Common and Other segment manufactures and sells crop protection agents, fertilizers and seeds.
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