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    A005490   KR7005490008

POSCO HOLDINGS INC.

(A005490)
  Report
End-of-day quote Korea Stock Exchange  -  2022-11-24
295500.00 KRW   +2.07%
11/27Posco : Chemical completes the world's largest cathode production plant
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POSCO : Occurrence of Causes for Subsidiary's Dissolution - Form 6-K

08/12/2022 | 12:55pm EST

Occurrence of Causes for Subsidiary's Dissolution

Subsidiary company POSCO Energy Co., Ltd. 's material business matters to report

1.  Cause for dissolution

Merger between subsidiaries

2.  Details of dissolution

POSCO Energy Co., Ltd. ("POSCO Energy") will be merged with and into POSCO International Co., Ltd. ("POSCO International").

3.  Occurrence (decision) date of dissolution cause

2022-08-12

August 12,2022

•   Attendance of outside directors

Present (No.) -
Absent (No.) -

•   Attendance of auditors (members of Audit Committee)

Present

4.  Other matters to be factored into investment decisions

This disclosure is about POSCO HOLDING's subsidiary POSCO Energy's decision on merger and expected merger schedules is as below:

•  Date of board resolution (decision date) and date of conclusion of merger contract : August 12, 2022

•  Scheduled date of shareholders'meeting : November 4, 2022

•  Record date of merger : January 1, 2023

•  Scheduled date of merger registration : January 2, 2023

※ Merger schedule may be subject to change depending on the process of approval of licenses/permits and consultation/approval with relevant authorities under applicable laws and regulations. For more details, please refer to POSCO International and POSCO Energy's disclosure 'Decision on Merger' made on August 12, 2022.

Disclaimer

POSCO Holdings Inc. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 16:54:00 UTC.


ę Publicnow 2022
All news about POSCO HOLDINGS INC.
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Analyst Recommendations on POSCO HOLDINGS INC.
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Financials
Sales 2022 85 468 B 64,0 B 64,0 B
Net income 2022 4 337 B 3,25 B 3,25 B
Net Debt 2022 3 564 B 2,67 B 2,67 B
P/E ratio 2022 5,43x
Yield 2022 4,86%
Capitalization 21 525 B 16 124 M 16 124 M
EV / Sales 2022 0,29x
EV / Sales 2023 0,30x
Nbr of Employees 168
Free-Float 84,6%
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Technical analysis trends POSCO HOLDINGS INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 19
Last Close Price 295 500,00 KRW
Average target price 332 789,47 KRW
Spread / Average Target 12,6%
EPS Revisions
Managers and Directors
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Jung-Son Chon Co-Chief Executive Officer & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Seong-Wook Lee Head-Legal & Compliance Support
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