Dongwon Systems, Cancellation of Treasury Shares and Capital Reduction Without Compensation
[Asia Economy Reporter Jang Hyowon] Dongwon Systems announced on the 18th that it has decided to reduce capital through the cancellation of treasury shares.
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The types of shares subject to reduction are 197,129 common shares and 1,247 preferred shares, with a par value of 5,000 KRW per share. The capital before and after the reduction will decrease from 147,268,845,000 KRW to 146,276,965,000 KRW. The number of issued shares before and after the reduction will change from 29,188,411 shares to 28,991,282 shares. The reduction ratio is 0.68% for common shares and 0.47% for preferred shares. The record date for the reduction is August 2.
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