[Asia Economy Reporter Myunghwan Lee]
▲NK=Acquired 49.7% stake in affiliate ENK for 5.4 billion KRW to secure growth engines through business stability and diversification of related companies.
▲POSCO Holdings=Preliminary consolidated operating profit for Q3 this year estimated at 900 billion KRW, down 71% year-on-year.
▲Hyundai Motor=Decided to dispose of treasury shares worth 213.3 billion KRW for the purpose of granting company shares according to the 2022 collective bargaining agreement.
▲Kia=Decided to acquire and dispose of treasury shares worth 112.2 billion KRW for the purpose of granting company shares according to the 2022 wage negotiation.
▲Hyundai Energy Solutions=Preliminary consolidated operating profit for Q3 this year estimated at 30.318 billion KRW, turning to profit compared to the same period last year.
▲Dongyang Steel Pipe=Signed a supply contract for steel pipe piles for Gwangyang LNG Terminal #7 and #8 tanks worth 32 billion KRW with NTB Co., Ltd.
▲Hanshin Engineering & Construction=Won a contract for a street housing maintenance project in Geumgwang-dong 4071 area worth 75 billion KRW.
▲Playgram=Decided on a third-party allotment capital increase worth 12 billion KRW for operating funds. The third-party allotment targets are Tricon No.1 Investment Association and CEO Kim Jaewook.
▲GS Engineering & Construction=Selected as the contractor for the remodeling project of Ichon Hangaram Apartments. The estimated construction amount is 594.8 billion KRW.
▲Ildong Holdings=Preliminary consolidated operating loss for Q3 this year estimated at 18.646 billion KRW, a 33.7% increase compared to the same period last year.
▲Ildong Pharmaceutical=Preliminary consolidated operating loss for Q3 this year estimated at 24.946 billion KRW, a 25.9% increase compared to the same period last year.
▲Boryung=Preliminary operating profit for Q3 this year estimated at 15.869 billion KRW, a 14.45% increase compared to the same period last year. Additionally, decided to absorb and merge Liquon to create synergy effects and improve management efficiency. The surviving company is Boryung.
▲Daewoo Engineering & Construction=Selected as the contractor at the general meeting of the association related to the redevelopment maintenance project in Unnam District, Gwangju. The contract amount is approximately 400 billion KRW.
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