KCC : Decision on Transfer of Sharesor Investment Certificatesof Other Corporations
February 24, 2022 at 02:32 pm IST
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Decision on Transfer of Shares or Investment Certificates of Other Corporations
1. Details of issuing company
Name of company
Korea Shipbuilding & Offshore Engineering Co., Ltd
Nationality
Republic of Korea
Representative
Ga Sam Hyun
Capital stock (KRW)
353,865,580,000
Relationship to company
-
Total number of shares issued
70,773,116
Main business
Holding company
2. Details of transfer (disposal)
Number of shares to be transferred
1,910,000
Total value of transfer (KRW)
165,597,000,000
Equity capital (KRW)
5,245,995,001,770
Ratio to equity capital (%)
3.16
Classified as a large-scale corporation?
Yes
3. Number of shares held and shareholding ratio after transfer
Number of shares held
2,763,962
Shareholding ratio (%)
3.91
4. Purpose of transfer
Retrieval of investment funds
5. Scheduled transfer date
2022-02-24
6. Date of board resolution (decision date)
2022-02-24
-Attendance of outside directors
Present (No.)
5
Absent (No.)
0
-Attendance of auditors (members of Audit Committee who are not outside directors)
-
7. Subject to reporting to the Fair Trade Commission?
No
8. Signed a put option contract, etc.?
No
-Details of agreements
-
9. Other matters to be factored into investment decisions
1) It is to sell some of Korea Shipbuilding & Offshore Engineering Co., Ltd(Common Stock) the company hold.
2) The above '1. Details of issuing company' is true as of the end of the latest fiscal year (2020).
3) The above '2. Total value of disposal' is the actual disposition value.
4) The above '2. Equity capital' is from the Company's consolidated financial statements as of the end of the latest fiscal year (2020).
5) The above transaction is scheduled to take place through off-hours block deal after the board of director resolution on February 24, 2022.
and the above '5. Scheduled transfer date' is the date of conclusion of the transaction.
6) The [Condensed Financial Statements of Issuing Company](below) is based on from the Company's consolidated financial statements.
and current fiscal year, previous fiscal year and two fiscal years prior are 2020, 2019, 2018, respectively.
※ Related disclosure
-
【Condensed Financial Statements of Issuing Company】(in KRW)
Category
Total assets
Total liabilities
Total shareholders' equity
Capital stock
Sales
Net income
External auditor's opinion
External auditor
Current fiscal year
25,244,191,252,000
12,822,965,818,000
12,421,225,434,000
353,865,580,000
14,903,657,734,000
-835,177,677,000
unqualified
EY
Previous fiscal year
25,055,372,817,000
12,129,057,655,000
12,926,315,162,000
353,865,580,000
15,182,553,166,000
213,081,106,000
unqualified
KPMG Samjong
Two fiscal years prior
24,729,898,792,000
11,618,935,420,000
13,110,963,372,000
353,865,580,000
13,161,045,950,000
-453,610,241,000
unqualified
KPMG Samjong
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Disclaimer
KCC Corporation published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 09:01:02 UTC.
KCC Corp is a Korea-based company principally engaged in the manufacture and sale of silicones. The Company operates its business through four segments. The Silicone segment is engaged in manufacturing and sales of household and industrial silicones. The Paint segment is mainly engaged in the manufacture and sale of automotive, industrial, and ship paints. The Building Materials segment produces and supplies building interior and exterior materials and subsidiary materials. The Other segment is mainly engaged in the businesses such as solar power generation, industrial long fibers, windows and hardware orders and others.
KCC CORPORATION 