HNK MACHINE TOOL CO.,LTD. Extraordinary meeting on Nov 2 to cut capital reserve to cover deficit and fund returns
HAI summary · Not investment advice
HNK MACHINE TOOL CO.,LTD. will hold an extraordinary shareholders' meeting on 2026.11.02 to vote on reducing its capital reserve to cover a deficit and move funds to retained earnings.
Key facts
- Meeting type
- Extraordinary general meeting
- Venue
- Main conference room, 2F, head office, 83-1 Yunoegongdan-gil, Beopsu-myeon, Haman-gun, Gyeongnam
- Agenda item 1
- Reduction of capital reserve to cover accumulated deficitDeficit covered: KRW 7.8 billion out of capital reserve of KRW 36.3 billion
- Agenda item 2
- Reduction of capital reserve and transfer to retained earningsTransfer amount KRW 22.2 billion
- Notice date
- Oct 16, 2026
Commentary
AI commentary · Not investment advice
What happened
HNK MACHINE TOOL CO.,LTD. will hold an extraordinary shareholders' meeting at 8:30 a.m. on November 2. There are two agenda items. First, the company will use KRW 7.8 billion of its KRW 36.3 billion capital reserve (money raised by issuing shares above par value) to cover its accumulated deficit. Second, it will cut KRW 22.2 billion from the remaining reserve and move it to retained earnings.
In the company's terms
The law allows a company to reduce only the part of its capital reserve above 1.5 times its share capital. The company said moving the funds creates distributable profit. It plans to use this to fund future shareholder returns such as treasury share purchases or dividends.
What changes for shareholders
The meeting will be held in the main conference room at the head office in Haman, Gyeongnam. The Korea Securities Depository will not vote on behalf of shareholders. Shareholders can attend in person or appoint a proxy. No gifts will be given to attendees.
Earlier Shareholders' Meeting filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.11.022026.11.02 | Shareholders' Meeting | — |
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