IEL Science Grants 340,000 Shares Owned by Major Shareholders to Employee Stock Ownership Plan for Free
[Asia Economy Reporter Lee Seon-ae] IL Science announced on the 19th that it has decided to donate 340,000 shares owned by the major shareholder to the employee stock ownership association free of charge.
Hot Picks Today
"Why Is the Korean Stock Market Surging?"... Even Italy Is Astonished by the KOSPI Rally
- "Invested 95% in Hynix and Reached 10 Billion Won"... Japanese Investor's Proof Post Goes Viral
- "South Korea Shows Similar Trend to Developed Nations"...Obesity Analysis of 232 Million People Worldwide [Reading Science]
- "That Thing Wakes Up Every Night" ... Suspicious Object Covers Rural Village
- "My Wife Is Missing"... Woman in Her 50s Still Unaccounted for Nearly a Month After Climbing Bukhansan Mountain
The company expects that this free donation will enhance the social status of employees and promote labor-management cooperation. The lock-up period is 4 years, and the estimated related cost is 2,091,680,000 KRW. If an employee leaves without fulfilling the mandatory deposit period, the shares will be reclaimed and reassigned.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
