The board of UNID Company Ltd. (KOSE:A014830) intent to spin-off Unid Btplus Co., Ltd on May 31, 2022. As of the date of the allocation of new split shares, the split ratio will be UNID Company Ltd.: 0.7612733 and UNIDBTPLUS CO.,LTD: 0.2387267. The shares of the new spin off company are allocated at a rate of 1.1936335 per share, which is the same type of shares held by shareholders listed in the shareholders' register of the spin off company. The spin off company's shares will merge at a rate of 0.7612733 per share. For Year ended March 21, 2022, UnidBTplus had total asset, equity capital and revenue of approximately KRW 210 billion, KRW 180 billion and KRW 220 billion respectively. On May 31, 2022, we submitted a request for preliminary examination of stock relisting of the newly established company to the Korea Exchange. The spin-off company was notified of the approval of the preliminary examination for relisting of the spin-off company from the Korea Exchange on August 04, 2022. The board of UNID Company approved the transaction In this spin-off, the allocation of new shares is based on the allocation ratio in the spin-off plan approved at the time of the initial resolution of the board of directors. The spin-off plans to obtains approval from the extraordinary general meeting of shareholders scheduled to be held on October 13, 2022. UNID Company Ltd last day Securities trading is expected to be November 25, 2022 as UNID have send request for re-listing of its stock on exchange. The Record date for new shares allotment is October 31, 2022 and new shares will list on November 28, 2022. Scheduled registration date of spin-off is November 2, 2022.


UNID Company Ltd. (KOSE:A014830) completed the spin-off of Unid Btplus Co., Ltd on November 1, 2022