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[Alpha Biz=(Chicago) Reporter Kim Jisun] OCI Holdings announced on the 25th that it has successfully completed a general public offering of paid-in capital increase for shareholders of OCI Corporation.
OCI Holdings carried out a subscription to allocate new shares issued through a paid-in capital increase after receiving applications from OCI shareholders for investment in kind of OCI shares through an open purchase method from the 31st of last month to the 20th of this month. As a result, 2,378,904 shares (total amount of about 230.7 billion won), which is 31.99% of the shares issued by OCI Corporation, were purchased.
In addition to 31.99% of OCI-generated shares secured through the public purchase, OCI Holdings will hold a total of 2,472,450 shares along with 93,546 shares (1.26%) held at the time of the split, securing a 33.25% stake, meeting the requirements for establishing a holding company.
This paid-in capital increase was carried out to meet the requirements for the establishment of a holding company by incorporating OCI, which was divided into human resources in May this year. Under the Fair Trade Act, holding companies are required to hold more than 30 percent of shares in listed companies and 50 percent in unlisted companies.
OCI Holdings plans to focus on strengthening the business competitiveness of each subsidiary by completing the transition to a holding company by reporting the conversion of the holding company within the year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
