Asiana Airlines Announces 3:1 Ratio Equal Free Capital Reduction of All Shares
[Asia Economy Reporter Seo So-jeong] Asiana Airlines announced on the 3rd that it has decided to implement a free uniform capital reduction, reducing every 3 common shares to 1 share, to cover accumulated losses and improve its financial structure.
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With this capital reduction, Asiana Airlines' issued shares will decrease from the existing 223.23 million shares to 74.41 million shares, and the capital will also decrease from 1.1161 trillion KRW to 372 billion KRW. The record date for the capital reduction is December 28 of this year.
This content was produced with the assistance of AI translation services.
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