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LS Networks to spin-off Mont Bell

[DISCLOSURE] LS Networks (000680) announced on Oct. 17 that it will spin-off Mont Bell brand and establish itself as a new company to improve management efficiency and strengthen business expertise.

The spun-off firm will be privately held and acquire the entire stocks issued for the new company which will continue to be listed. The due date for the spin-off is Dec. 1.

(theinvestor@heraldcorp.com)
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