Hugel Decides to Repurchase 180,000 Shares

[Asia Economy Reporter Minwoo Lee] Hugel announced on the 28th that it has decided to reduce capital by arbitrarily/free canceling 184,680 common shares held by the largest shareholder to enhance shareholder value.

With this capital reduction, the number of issued shares will decrease from 12,670,135 shares to 12,485,455 shares, and the capital will decrease from 6,385,675,000 KRW to 6,292,725,000 KRW. The record date for the capital reduction is January 12, 2021.