Wednesday, July 31st, 2013
A group official said, "We were going to create a holding company by September this year after splitting the investment and business operations divisions from Hansol Paper and Hansol CSN. But the shareholders of Hansol CSN rejected the proposal in a general shareholders meeting today." In the Hansol CSN general shareholders meeting on July 30, shareholders voted down for reasons that there would be little benefit from the merger given the current low share price."
Hansol Group, with 12 affiliates including Hansol Homedeco, Hansol Artone Paper, Hansol Technics, as well as Hansol Paper and Hansol CSN, had been newly designated by the Fair Trade Commission in April this year as a company to be restricted for cross share ownership.