Bloomberg News

LG Electronics Denies Report It Seeks to Buy Suntech Power

November 04, 2011

Nov. 4 (Bloomberg) -- LG Electronics Inc. is not seeking to buy solar-cell maker Suntech Power Holdings Co., Ken Hong, a Seoul-based spokesman for the South Korean company, said by telephone, denying an earlier report by MoneyToday. The Korean- language news agency said LG has held talks to buy Suntech Power, and that a 1.06 trillion won rights offering may be for funding an acquisition.

To contact the reporter on this story: Jun Yang in Seoul at jyang180@bloomberg.net

To contact the editor responsible for this story: Shinhye Kang at skang24@bloomberg.net


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