[eGongsi Notice] KG ETS, KG Mobility 101.9 Billion Debt Assumption, etc. (Afternoon Summary)

[Asia Economy Reporter Lee Seon-ae] KG ETS announced on the 19th that it will assume debt of 101.941 billion KRW from its affiliate KG Mobility. This is a debt assumption and equity conversion of affiliate borrowings for the indirect acquisition of Ssangyong Motor. After assuming the debt, the debt ratio will be 126.2%. The debt is the borrowing that KG Mobility took from KG Steel to secure investment funds for Ssangyong Motor, which is being assumed. Below are the major disclosures released in the afternoon of the same day.

▲ Skin&Skin = Decided on a small-scale merger with Rami Cosmetics Manufacturing; Skin&Skin will continue to exist while Rami Cosmetics Manufacturing will be dissolved; the merger ratio between Skin&Skin and Rami Cosmetics Manufacturing is 1 to 0; the merger date is December 29.

▲ Roswell = Decided on a stock consolidation to stabilize the stock price by maintaining an appropriate number of circulating shares and to prevent corporate value dilution.

▲ LOT Vacuum = Signed a supply contract for dry vacuum pumps for solar power worth 27.1 billion KRW, which corresponds to 10.45% of recent sales.

▲ Gyeryong Construction Industry = Signed a contract to build a new construction project for the Mia Station area revitalization project with KT&G worth 114.8288 billion KRW, corresponding to 4.48% of recent sales.

▲ DI = Signed a supply contract for semiconductor inspection equipment with Samsung Electronics worth 9.548 billion KRW, corresponding to 4.2% of recent sales.

▲ TCK = Recorded operating profit of 35.1 billion KRW in Q3, an increase of 31.81% compared to the same period last year.

▲ Kotek = Decided to issue 25 billion KRW worth of anonymous, unsecured private convertible bonds to secure operating funds and debt repayment funds.

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