Taeyoung Engineering & Construction Co.,Ltd. (KOSE:A009410) announced the spin off of Investment Division on January 22, 2020. Under the terms of the transaction, the split off ratio is 0.5091505 of survival company and 0.4908495 of Split-division company. Newly-established entity will be TY Holdings, Inc. After the split, the new shares will be re-listed on the Korea Stock Exchange after undergoing re-listing under the Korea Exchange's Securities Market Listing Regulations. The transaction is subject to customary closing conditions, include shareholder approval of Taeyoung Engineering & Construction on June 12, 2020. As of May 28, 2020, the shareholders meeting is scheduled on July 15, 2020. Transaction is expected to close by July 15, 2020. As of April 23, 2020, the new share assignment date is June 29, 2020 and spin off fixed date is June 30, 2020. The division registration date is July 1, 2020. As of May 28, 2020, scheduled listing date of new share assignment is August 31, 2020, the spin off date is fixed at September 1, 2020 and spin off registration date is September 2, 2020.