Korea Steel to Cancel 3.6 Million Treasury Shares
[Asia Economy Reporter Myunghwan Lee] Hankook Steel announced on the 16th that it has decided to cancel 3.6 million treasury shares.
The amount to be canceled is 29.7 billion KRW, with a par value of 1,000 KRW per share. The scheduled cancellation date is the 25th of this month.
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Hankook Steel stated, "The cancellation of treasury shares acquired within the scope of distributable profits is based on Article 343, Paragraph 1 of the Commercial Act, and there will be no reduction in capital stock."
This content was produced with the assistance of AI translation services.
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