Chairman Koo Bon-joon of LX Group, gives LX Holdings 610shares to eldest son

LX Group Chairman Koo Bon-joon announced that he will donate LX Holdings shares he held on 10shares to his eldest son, Koo Hyeong-mo, president of LX MDI. From an investor’s perspective, it is necessary to check whether the shareholder register changes, as the controlling shareholder structure changes.610The disclosure says the transaction start date and the expected settlement date are on the next month

The disclosure lists the transaction start date and the expected settlement date as the 10day of next month. The disclosure date is 7month 10day.

The LX Holdings shares held by Chairman Koo will decrease from the existing 15,541,261shares to 9,441,261shares. The stake was disclosed as falling from the existing 19.99% to 12.14%.

Chairman Koo Gyeong-mo, who is taking over the shares, will see his holdings rise from 9,269,748 shares to 15,369,748 shares. The change in his ownership stake is as disclosed.

The disclosure concerns the holding company LX Holdings (stock code 383800) and the recipient of the gift is Koo Gyeong-mo, president of LX MDI. The company announced the details through the filing.

This disclosure was released under the disclosure item related to stock ownership and voting rights. In the filing, the company specified the gift schedule and the changes.