Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9% 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
Sika Raises 2026 Sales Outlook After Strong First-Half Results Beat Expectations 
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend 
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
LG Chem’s move to split off its battery business received final approval from 82.3 of about 77.5 of shareholders that attended the meeting Friday at the LG Twin Towers in Yeouido, western Seoul.
The split-off required approval from at least two-thirds of attending shareholders who possess at least one-third of all issued shares.
The approval rate, according to LG Chem spokesman, is significantly high and the company believes almost all foreign investors voted yes.
The spokesman added that it seems the National Pension Service, which holds a 10.4 percent stake, voted against it.
Following the approval, the company's battery business division will transform into a wholly-owned subsidiary named LG Energy Solution, to be officially launched Dec. 1.
It has not yet been decided who would lead LG Energy Solution.
In asking shareholders to support the split-off, LG Chem Vice Chairman Shin Hak-cheol said the move would boost the dominant standing of their battery business.
The rapid expansion of LG Chem’s battery production facilities caused the company's net debt to surge to 8 trillion won and its debt ratio to exceed 100 percent.
To fund their further of its battery business, LG Chem will sell 20 to 30 percent stake in LG Energy Solution within a few years after it goes public.
The split-off will leave LG Chem with three business divisions: petrochemicals, life sciences, and advanced materials.
Retail investors who invested in LG Chem for the battery business pointed out that the stock plummeted from 870,000 won to 650,000 won after the split-off was announced.
