SK Chemicals to Cancel 389,489 Treasury Shares

[Asia Economy Reporter Eunju Lee] SK Chemicals announced on the 28th that it will cancel 389,489 shares of its treasury stock.

The amount to be canceled is 49,982,600,000 KRW, and the scheduled cancellation date is October 5th. SK Chemicals stated, "Since the treasury shares previously acquired within the scope of distributable profits are being canceled by a resolution of the board of directors, there will be no reduction in capital stock."