NS Shopping Decides to Split Distribution Business and Investment Business

Harim Holdings announced on the 27th that it will establish a new company by spinning off the investment business division of its subsidiary NS Shopping. The surviving company will be NS Shopping, and the newly established company will be NS Holdings. It is a simple and personal spin-off method where shareholders of the surviving company receive shares of the new company in proportion to their shareholding ratio as of the record date for the allocation of new shares from the spin-off.

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