The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Startups & Tech

LG Electronics shares surge on speculation of Google stake buy

Published Wed, Jul 22, 2015 · 03:25 AM
Share this article.

[SEOUL] Shares of South Korea's LG Electronics Inc surged in morning trade on Wednesday, rising as much as 14.5 per cent at one point on market speculation that Google Inc will acquire a stake in the consumer electronics maker.

LG Electronics spokesman Ken Hong said the market talk was"complete speculation" and that the company does not comment on rumours.

The company's shares were trading 6 per cent higher as of 0254 GMT, compared with a 1 per cent decline for the broader market.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Technology

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here