Samco Decides to Withdraw 12.7 Billion KRW Capital Increase

[Asia Economy Reporter Eunmo Koo] Samco announced on the 20th that it has withdrawn the decision for a third-party allotment paid-in capital increase amounting to 12,696 million KRW, which was initially disclosed on May 27 of last year. The company stated, "On February 19, 2020, the paid-in capital increase subscriber, Beijing Automobile Co., Ltd., requested to withdraw the payment for the capital increase," and added, "Following the withdrawal request, we decided to treat the capital increase issuance as not issued."

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