LG Chem says Japan's <a href="https://laohu8.com/S/TYHOF">Toyota Tsusho</a> acquires 25% stake in its South Korea cathode material plantSEOUL, Sept 9 (Reuters) - LG Chem said on Tuesday that Japan's Toyota Tsusho Corp had acquired a 25% stake in the company’s cathode materials plant in South Korea, joining as the second-largest shareholder of the plant.
With Toyota Tsusho's investment, the shareholding structure of the plant has pushed the stake China's Zhejiang Huayou Cobalt down to 24% from 49%, LG Chem said in a statement.
(Reporting by Hyunjoo Jin, Ju-min Park; Editing by Ed Davies)
((ju-min.park@thomsonreuters.com; Reuters Messaging: ju-min.park.thomsonreuters.com@reuters.net))
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