Hoban Group, the parent company of Taihan Cable & Solution, has recently acquired a stake in LS, the parent firm of LS Cable & System, according to investment banking sources on March 12. The acquisition is interpreted as Hoban attempting to gain a favorable position amid ongoing conflicts between the two groups in the cable industry.
LS Cable & System is an unlisted company, with its parent firm LS holding a 92.26% stake. A Hoban Group official said, “We acquired less than 3% of the shares because we view the cable industry as a promising sector for investment.”
LS Cable & System and Taihan Cable & Solution are involved in a patent dispute. The Patent Court will announce its ruling on March 13 regarding their bus duct technology patent lawsuit.
