Notice of Capital Reduction and Creditor Objections
작성자 관리자
날짜 2025-08-05 08:27:18
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Notice of Capital Reduction and Creditor Objections
Dong-A Tanker Co., Ltd. (the “Company”) hereby announces that a resolution to reduce the Company’s capital was passed at the Extraordinary General Meeting of Shareholders held on August 4, 2025.
In accordance with the Korean Commercial Code, the Company hereby notifies its shareholders and creditors of the capital reduction and requests submission of share certificates and creditor objections, as set forth below.
1. Details of Capital Reduction
- Purpose of Capital Reduction: To enhance the flexibility of the capital structure and financial management, improve shareholder returns, and facilitate the implementation of strategic initiatives.
- Amount of Capital Reduction: KRW 57,961,100,000
- Method of Capital Reduction: Reduction of the capital account without changing the number of outstanding shares
- Disposition of Reduced Capital: Transferred to capital reserve
|
Class of Shares |
Before Capital Reduction |
After Capital Reduction |
|
No-par value common shares |
10,320,000 shares |
10,320,000 shares |
|
Capital Amount |
KRW 67,961,100,000 |
KRW 10,000,000,000 |
2. Objection Period for Creditors
- Period: From August 5, 2025 to September 5, 2025
- Place of Submission: 9F, Dongyang Building, 18, Gwangbok-ro 97 beon-gil, Jung-gu, Busan, Republic of Korea
August 5, 2025
Dong-A Tanker Co., Ltd.
Chief Executive Officer Sung-Koo Richard Lee
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