LG Display completes payment for paid capital increase of 1.3 trillion won

LG Display (034220) announced on the 14th that it has completed payment for a paid capital increase through shareholder allotment worth 1,292.5 billion won (approximately 145 billion yen).
The scheduled listing date for the new shares is the 26th. Prior to this, LG Display's proposals for employee stock ownership associations and former shareholders, as well as general public offers, were announced.
The subscription rate for paid capital increase was 133.86%. LG Display will use the raised funds to invest in facilities to expand its small and medium-sized organic light emitting diode (OLED) business and to invest in all OLED business fields.
The company plans to use the equipment to stabilize production and operations at the plant.