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Hyosung Chairman Cho Hyun-Joon Convenes Vietnam Co. Board Meeting to Step Up Conversion to Holding Company

Discusses and determines necessary procedures for conversion into holding company within this year
Hyosung Corp. to pay 4,000 won in cash dividends…raising profits to shareholders
Chairman Cho vows to “continue management to return part of corporate profit to shareholders”

News provided by Hyosung
November 01, 2018 16:01 KST

SEOUL--(Korea Newswire) November 01, 2018 -- Hyosung Chairman Cho Hyun-Joon convened a board meeting of Hyosung Vietnam Co. on Oct. 26, where he fixed procedures to convert it into a holding company.

Chairman Cho Hyun-Joon explained the remaining proceedings for the changeover of the company to a holding company, and collected opinions from inside and outside directors in the meeting. He also accounted for a decision to pay more than 4,000 won in cash dividends to Hyosung shareholders for 2018, and vowed to continue business activities to return part of profits to shareholders.

After the meeting, Chairman Cho Hyun-Joon visited the site of a polypropylene plant under construction in Ba Ria-Vung Tau Province in southern Vietnam with the directors, inspected the production process of the plant and discussed an infrastructure investment plan with related officials.

“Hyosung will sharpen its competitiveness to hold the global markets all the time by utilizing the expertise of Hyosung Corp., which is the holding company of Hyosung Group, and newly established affiliates,” Hyosung Chairman Cho Hyun-Joon said. “By doing so, we will firmly carry out a management policy to raise business and shareholder values, and at the same time give part of profits back to our shareholders.”

Contact

Hyosung Corporation
HEESEON CHLOE PYO
+82-2-707-7337
chloe.pyo@hyosung.com

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