Halla Acquires 25 Billion KRW Worth of Preferred Shares from Halla Holdings

[Asia Economy Reporter Hwang Junho] Halla Holdings held a board meeting on the 28th and resolved to sell 819,537 shares of Halla preferred stock it holds to Halla, according to a disclosure on the 29th. The disposal amount is approximately 25 billion KRW, and the transaction date is the 30th of this month. Halla plans to cancel all the preferred shares purchased. The purpose of this preferred stock acquisition is stated to be to enhance shareholder value.

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