Duksan Hi-Metal Co., Ltd. (KOSDAQ:A077360) agreed to spin off Duk San Neolux Co.Ltd. on August 29, 2014. Under the terms of the deal, the allocation ratio is 0.4085336 shares of Duk San Neolux for every one share of Duksan Hi-Metal Co. Moreover, Duk San Neolux will consolidate its stocks at the ratio of 1 common share to 0.5914664 for the shares held by the existing shareholders listed in Duksan Hi-Metal Co. stock book on the allocation date of the new shares from the spin-off. Fractional shares below 1 will be paid in cash at the closing price of the re-listing date of the new shares of Duk San Neolux. The Board of Directors passed a resolution for the transaction on August 29, 2014. Korea Exchange (KOSDAQ) approved the transaction on October 16, 2014. The re-listing date on KOSDAQ is expected to be on February 6, 2015. Shareholders of Duksan Hi-Metal Co approved the transaction on November 27, 2014. The record date for the transaction is December 30, 2014. The spin-off will take place on December 30, 2014. The registration date for the transaction is December 31, 2014. The scheduled delivery date of new shares is February 5, 2015.

Duksan Hi-Metal Co., Ltd. (KOSDAQ:A077360) completed the spin off of 85.65% stake in Duk San Neolux Co.Ltd. for SKW 229.3 billion on December 30, 2014. On January 30, 2015, it was announced that listing scheduled date has been amended to February 6, 2015.