KISCO Holdings Cancels 2.3 Million Treasury Shares

[Asia Economy Reporter Myunghwan Lee] KISCO Holdings announced on the 16th that it has decided to cancel 2.3 million treasury shares.

The amount to be canceled is 36.705 billion KRW, with a par value of 1,000 KRW per share. The scheduled cancellation date is the 25th of this month.

KISCO Holdings stated, "The cancellation of treasury shares acquired within the scope of distributable profits is based on Article 343, Paragraph 1 of the Commercial Act, and there will be no reduction in capital."