Hwaseung R&A, Spin-off New Corporation to Be Listed on KOSPI on the 15th
[Asia Economy Reporter Oh Hyung-gil] Korea Exchange announced on the 11th that Hwaseung R&A, a newly established company through the spin-off of Hwaseung R&A, will be listed on the KOSPI market on the 15th.
18,993,623 common shares of Hwaseung R&A will be listed.
The surviving company from the spin-off will change its name to Hwaseung Corporation and will be re-listed on the same day.
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The newly established Hwaseung R&A was created by spinning off the automobile rubber products manufacturing division from the pre-spin-off company.
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