Amorepacific Group, the holding company of Amorepacific, will change its name to 'Amorepacific Holdings.'
On the 6th, Amorepacific Group announced that its board of directors decided to approve a change in the articles of incorporation to rename the company 'Amorepacific Holdings' at the regular shareholders' meeting scheduled for the 25th of next month.
An Amorepacific representative explained, "This is to clarify the role of the holding company."
On the same day, Amorepacific Group also announced a plan to retire treasury shares. The target for retirement is 3 million common shares, equivalent to 3.13% of the issued shares. Based on the closing price of the previous day, this amounts to approximately 68.85 billion KRW. The scheduled retirement date is the 13th of this month.
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