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DL Holdings CO.,LTD Cariflex spins off synthetic rubber business into new Cariflex Polymer

DL Holdings CO.,LTD· Spin-off Decision
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AI summary · Not investment advice

Subsidiary Cariflex will spin off its synthetic rubber business into new Cariflex Polymer Pte. Ltd., with a split date of 2026-12-01.

Split date

Dec 1, 2026

Key facts

Split method
Physical (non-proportional) spin-off; the splitting company acquires 100% of the newly formed company's shares
Business to be split off
All synthetic rubber (polyisoprene rubber and latex) manufacturing and sales business
New company
Cariflex Polymer Pte. Ltd.
Listing after split
No
Relisting application
No

Commentary

AI commentary · Not investment advice

What happened

Cariflex, a subsidiary of DL, decided to spin off its entire synthetic rubber business (polyisoprene rubber and latex manufacturing and sales). The business will move into a new company, Cariflex Polymer Pte. Ltd.

In the company's terms

This is a physical split (a spin-off in which the splitting company takes 100% of the new company's shares). The new company will not stay listed, and no relisting application is planned.

What changes for shareholders

The new company has total assets of KRW 1,048,305,815,909 won and total equity of KRW 380,119,685,074. The business being split off had sales of KRW 242,037,253,006.

The split is scheduled to take effect on 2026.12.01. The materials do not mention any shares or cash going directly to shareholders.

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