KISCO Holdings Corp. Material Event Report
KAI summary · Not investment advice
KISCO Holdings decided a share exchange to make its subsidiary Korea Iron & Steel a wholly owned subsidiary at a ratio of 1 : 0.4261670.
Key facts
- Board resolution date
- Oct 30, 2026
Commentary
AI commentary · Not investment advice
What happened
KISCO Holdings resolved at its board meeting on 2026.10.30 to carry out a share exchange with Korea Steel Co., Ltd. (KISCO), and signed the exchange agreement the same day. The exchange ratio is 1 : 0.4261670, and Korea Steel will become a wholly owned subsidiary. The exchange date is 2027.03.02.
In the company's terms
The exchange price is KRW 20,000 per KISCO Holdings share and KRW 9,951 per Korea Steel share. The filing states that an external valuation is not applicable. The filing lists the transaction as 0.0% relative to market capitalization.
What changes for shareholders
For shareholders, the record date is 2026.11.26 and the shareholders' meeting is scheduled for 2027.01.29. The expected share purchase price is KRW 20,000. The new shares issued in the exchange are scheduled to be listed on 2027.03.24.
Earlier Material Event Report filings from this company
| Filed | Title | Key figure · Note |
|---|---|---|
| 26.10.302026.10.30 | Material Event Report | KISCO Holdings : Korea Steel = 1 : 0.4261670 · 0.4261670 KISCO Holdings common share per Korea Steel common share |
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