Industry
LG Electronics to cancel treasury shares acquired during holding company transition
LG Electronics said on Wednesday its board approved a capital reduction plan to cancel 1,749 common shares and 4,693 preferred shares it holds. The plan, involving shares acquired during a 2000 merger and a 2002 holding company transition, will be implemented after shareholder approval on March 23. The company said the cancellation is free of charge and does not change ordinary shareholders\' shareholdings or require share certificate procedures.
