 |
[Alpha Biz=(Chicago) Reporter Paul Lee] Dongkuk Steel Group announced on the 15th that its three subsidiaries, Dongkuk Holdings, Dongkuk Steel, and Dongkuk CM, will change their listing and re-list on the stock market on the 16th.
Dongkuk Steel passed the personnel split agenda at an extraordinary general meeting of shareholders on the 12th of last month, and on June 1, it was split into three companies: Dongkuk Holdings, the surviving corporation, Dongkuk Steel, the hot-rolling company, and Dongkuk CM, the cold-rolling company. From the 16th, stock trading will resume under the names of the three companies that have been split.
Following the spin-off, existing Dongkuk Steel stockholders will have an equal share in the three companies. Shares in the three companies will start at 11,400 won, the closing price on May 26. From 8:30 a.m. on the same day until the market opens, the base price is determined by accepting buy and sell bids within the range of the lowest quotation price (50% of 11,400 won) to the highest quotation price (200% of 11,400 won). Based on , a 30% upper and lower price limit is applied.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
