[eGongsi Notice] Kakao, CEO Namgung Hoon Resigns, etc. (Morning Summary)

[Asia Economy Reporter Lee Seon-ae] Kakao announced on the 19th that following the resignation of CEO Namgung Hoon, the company will change from a dual CEO system with Namgung Hoon and Hong Eun-taek to a single CEO system under Hong Eun-taek. Below are the major disclosures released that morning.

▲Husteel=Decided on a paid-in capital increase through a general public offering of forfeited shares after shareholder allocation; the new shares are 17 million common shares, with an issue price of 3,965 KRW per share.

▲Samsung Heavy Industries=Received an order worth 270.7 billion KRW for two VLGC vessels from an African shipowner; the contract amount corresponds to 4.1% of recent sales.

▲BioFDNC=Signed a trust contract for treasury stock acquisition worth 3 billion KRW with DB Financial Investment to stabilize shareholders and enhance shareholder value.

▲STC Engineering=Signed a contract to receive an order worth 4.6068 billion KRW for the expansion of SK Trichem's factory Process-2, which corresponds to 6.08% of recent sales of 75.7247 billion KRW.

▲Hironic=Recorded an operating profit of 1.8 billion KRW in Q3 on a consolidated financial statement basis, a 9.49% increase compared to the same period last year.

▲POSCO Holdings=Recorded an operating profit of 900 billion KRW in Q3 on a consolidated financial statement basis, a sharp decline of 71% compared to the same period last year.

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