Hyosung Chemical "Preliminary Bidding Underway for Specialty Gas Business Unit Sale"

Hyosung Chemical announced on the 7th that it is pursuing the sale of shares in its Specialty Gas Division. In response to the Korea Exchange's inquiry regarding reports on the spin-off of the Specialty Gas Division and large-scale investment attraction, Hyosung Chemical stated, "We selected multiple lead managers and conducted a preliminary bidding process for the sale of shares in the Specialty Gas Division." The company added, "As a result of the preliminary bidding, numerous investors participated, and the bidding conditions are currently under review, but no specific details have been finalized."