LG.Philips LCD Pushes for Listing on S. Korean, U.S. Exchanges May 10, 2004

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LG.Philips LCD, a manufacturer of thin-film transistor liquid crystal displays, is aiming to be simultaneously listed on main stock exchanges in both South Korea and the U.S. on July 14, Seoul's financial watchdog said.

LG.Philips LCD is a flat-panel display joint venture between South Korea's LG Electronics Inc. and Dutch firm Philips Electronics.

The planned initial public offering of the venture firm is estimated at 2.3 trillion won (approx. U.S. $1.94 billion), comprising 500 billion won in Korea and 1.8 trillion won in the U.S.

The LCD company had 2.12 trillion won (approx. $1.8 billion) worth of sales in the first quarter of the year with an operating profit of 688 billion won. (Yonhap)

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