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LG Electronics Denies Report It Seeks to Buy Suntech Power

Nov. 4 (Bloomberg) -- LG Electronics Inc. is not seeking to buy solar-cell maker Suntech Power Holdings Co., Ken Hong, a Seoul-based spokesman for the South Korean company, said by telephone, denying an earlier report by MoneyToday. The Korean-language news agency said LG has held talks to buy Suntech Power, and that a 1.06 trillion won rights offering may be for funding an acquisition.

Link to Company News:{066570 KS <Equity> CN <GO>} Link to Company News:{STP US <Equity> CN <GO>}

To contact the reporter on this story: Jun Yang in Seoul at

To contact the editor responsible for this story: Shinhye Kang at

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