Hyeongji I&C Decides on 66.6% Ratio Capital Reduction

[Asia Economy Reporter Kwon Jaehee] Hyungji I&C announced on the 10th that it has decided to reduce its capital by 66.6%, merging 3 common shares into 1 share of the same par value stock free of charge to improve its financial structure through deficit compensation.

The capital will decrease from 19,506,820,000 KRW before the reduction to 6,502,700,000 KRW.

The record date for the capital reduction is October 4, 2022, and the scheduled listing date of the new shares is October 20, 2022.