Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. Posco International Corporation
  6. News
  7. Summary
    A047050   KR7047050000

POSCO INTERNATIONAL CORPORATION

(A047050)
  Report
End-of-day quote Korea Stock Exchange  -  2023-01-31
23750.00 KRW   +1.28%
04:08aPosco International : Exceeding one trillion won in operating profit for the first time, POSCO INTERNATIONAL led to increased sales in the trading division and increased profits in the energy division, showing outstanding performance in both sectors
PU
01/27Posco International : 4Q 2022 Earnings Release
PU
01/24South Korean Trading Firms Seek Expansion in Food Business
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

POSCO International Corporation Files Early Warning Report in Respect of Its Interest in NorthWest Copper Corp.

09/07/2022 | 05:46am EST

SEOUL, South Korea, Sept. 07, 2022 (GLOBE NEWSWIRE) -- POSCO International Corporation (“POSCO”) announces that it has acquired 7,228,916 common shares (the “Tranche 3 Shares”) of NorthWest Copper Corp. (“NorthWest”). The Tranche 3 Shares were issued to POSCO in connection with its previously-announced agreement with NorthWest dated December 28, 2021 (the “Share Purchase Agreement”) under which NorthWest agreed to acquire all of POSCO’s approximately 31% remaining interest in Kwanika Copper Corporation for total consideration of C$11 million (the “Transaction”), payable in three tranches of common shares of NorthWest (the “Consideration Shares”). The Tranche 3 Shares have a value of C$0.415 per Consideration Share and an aggregate value of approximately C$3 million and represent the final tranche of Consideration Shares to be issued as part of the Transaction. The Consideration Shares are traded on the TSX Venture Exchange.

Prior to the issuance of the Tranche 3 Shares, POSCO held 11,129,523 common shares of NorthWest, representing approximately 7.1% of the issued and outstanding shares of NorthWest on a fully-diluted basis. Following the issuance of the Tranche 3 Shares, POSCO holds 18,358,439 common shares of NorthWest, representing approximately 11.1% of the issued and outstanding common shares of NorthWest.

POSCO reviews its holdings in NorthWest on a continuing basis and may from time to time and at any time dispose of, or acquire, additional common shares of NorthWest. Pursuant to the terms of the Share Purchase Agreement, all Consideration Shares issued to POSCO will be subject to a hold period expiring four months and one day from the date of issue. POSCO has agreed to several resale restrictions in respect of the Consideration Shares including a minimum 30-day notice period prior to sales of any kind and a monthly limit on any sales on public exchanges.

This press release is being issued pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-over Bid and Insider Reporting Issues of the Canadian Securities Administrators. A copy of the report to be filed by POSCO in connection with the transaction described herein will be available on NorthWest’s SEDAR profile at www.sedar.com.

The head office of the NorthWest is located at Suite 1900, 1055 West Hastings Street, Vancouver, BC V6E 2E9, Canada. The head office of POSCO is located at 26F, 134, Teheran-ro, Gangnam-gu, Seoul, 06235, Korea.

For further information, or to otherwise request a copy of the report, please contact:

Mr. Yangkyun Oh
Senior Manager
yoh@poscointl.com
+82-2-759-3813

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.


All news about POSCO INTERNATIONAL CORPORATION
04:08aPosco International : Exceeding one trillion won in operating profit for the first time, P..
PU
01/27Posco International : 4Q 2022 Earnings Release
PU
01/24South Korean Trading Firms Seek Expansion in Food Business
MT
01/10Posco International : pushes ahead with the construction of a crude palm oil refining plan..
PU
01/02Posco International : transforms into a consolidated company, combining energy to existing..
PU
2022Posco International Corporation Promotes Jeong Tak as CEO
CI
2022POSCO International Promotes Jeong Tak to Vice Chairman
CI
2022POSCO's Australian arm Senex Energy suspends $671 mln Queensland gas project expansion
RE
2022Hardt Global Mobility announced that it has received funding from Urban Impact Ventures..
CI
2022Posco International : to pave the way through financial support for small but strong Korea..
PU
More news
Analyst Recommendations on POSCO INTERNATIONAL CORPORATION
More recommendations
Financials
Sales 2022 38 437 B 31,2 B 31,2 B
Net income 2022 614 B 0,50 B 0,50 B
Net Debt 2022 3 558 B 2,88 B 2,88 B
P/E ratio 2022 4,79x
Yield 2022 4,11%
Capitalization 4 178 B 3 403 M 3 387 M
EV / Sales 2022 0,20x
EV / Sales 2023 0,19x
Nbr of Employees 1 218
Free-Float 25,9%
Chart POSCO INTERNATIONAL CORPORATION
Duration : Period :
Posco International Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends POSCO INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 23 750,00 KRW
Average target price 33 800,00 KRW
Spread / Average Target 42,3%
EPS Revisions
Managers and Directors
Si-Bo Joo President & Chief Executive Officer
Eun-Joo Choi Managing Director & Head-Investment Management
Hee-Cheol Kang Independent Director
Gi-Yeong Lee Independent Director
Soo-Young Kwon Independent Director
Sector and Competitors
1st jan.Capi. (M$)
POSCO INTERNATIONAL CORPORATION5.09%3 345
MITSUBISHI CORPORATION1.24%48 316
ITOCHU CORPORATION0.89%47 016
MITSUI & CO., LTD.-0.86%44 801
ADANI ENTERPRISES LIMITED-22.91%42 166
SUMITOMO CORPORATION5.78%22 320