LG International Corp. said Monday that its joint venture with Oman Oil Co. has been listed on the Omani stock market, a move that helped the South Korean developer of natural resources recover part of its investment in the JV.
Musandam Power Co. debuted on the Muscat Securities Market on Thursday.
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(Yonhap) |
LG International said it retains an 18 percent stake in Musandam Power after selling a 12 percent stake worth $6.9 million.
In addition, LG International said it earned revenue through operation of the 120-megawatt power plant in Musandam, which began in 2017.
The moves helped LG International recover all of its $11 million investment in Oman. (Yonhap)
