LG Electronics Inc. (KOSE:A066570) is considering reviving an initial public offering of its Indian unit (LG Electronics India Limited) as soon as September, people familiar with the matter said. The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter, according to the people, who asked not to be identified because the information isn?t public.
LG Electronics Inc is a Korea-based company principally engaged in the manufacturing and sale of electronic products. The Company operates its business through six segments. The Home Appliance and Air Solution (H&A) segment provides refrigerators, washing machines, air conditioners, microwave ovens, cleaners and others. The LG Innotek Co Ltd (Innotek) and Its Subsidiaries segment manufactures camera modules, substrate materials, motors, sensors, and light emitting diodes (LEDs). The Home Entertainment (HE) segment supplies televisions (TVs), monitors, personal computers (PCs), audios and videos. The Vehicle Component Solutions (VS) segment provides automobile parts. The Business Solutions (BS) segment provides information displays and solar panels. The Other segment involves in the water treatment, equipment manufacture business.
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