L-H Battery Factory Building Disposal Worth 4.22 Trillion Won to Honda, Date Postponed to June
Subsidiary L-H Battery Company, Inc decided to dispose of its Ohio factory building (excluding land and equipment) to Honda Development and Manufacturing of America, LLC for approx. 4.22 trillion won (book value $2.86 billion) to enhance JV operational efficiency.
In a correction filing, the expected disposal date was postponed from April 30, 2026 to June 30, 2026.
The disposal amount may change due to exchange rate fluctuations and due diligence; represents 7.0% of total assets (60.3 trillion won).
KOSPI Filing Information
[Correction of Description] Decision on Disposal of Tangible Assets (Major Management Matters of Subsidiaries)