SK Holdings Co., Ltd. (KOSE:A034730) agreed to acquire 50.99% stake in LG Siltron from LG Corp. (KOSE:A003550) for KRW 620 billion on January 23, 2017. LG Corp.

will sell 34.18 million shares at KRW 18,139 per share as part of the transaction. The transaction is subject to regulatory authorities in Korea, Japan, China and Taiwan. The transaction is also subject to competition commission of Singapore.

As on January 23, 2017, transaction has been resolved by the Board of Directors of SK Holdings Co., Ltd. As of May 12, 2017, competition commission of Singapore approved the deal. Credit Suisse acted as financial advisor to LG Corp.