The Board of Dongkuk Steel Mill Company Limited (KOSE:A001230) announced the spin-off of Cold Rolling Business Division on December 9, 2022. The record date of the transaction is May 31, 2023. The transaction is subject to approval by shareholders of Dongkuk Steel Mill Company Limited. The spin off ratio for the transaction is surviving company [Dongkuk Holdings Co., Ltd. (tentative name)]: 0.1668826 and split-off company [Dongkuk CM Co., Ltd. (tentative name)]: 0.3132956. The transaction is expected to close on June 1, 2023.

The Board of Dongkuk Steel Mill Company Limited (KOSE:A001230) completed the spin-off of Cold Rolling Business Division on June 1, 2023.