POSCO : Notice of Exclusion of Subsidiary in Holding Company - Form 6-K
December 27, 2023 at 12:27 pm EST
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Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2023
Commission File Number: 1-13368
POSCO HOLDINGS INC.
(Translation of registrant's name into English)
POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form40-F ☐
Notice of Exclusion of Subsidiary in Holding Company
1. Details of subsidiary
A. Company name
NEH Co., Ltd.
B. Representative
Shin, Eun-Ju
C. Main business
LNG storage and distribution service
A. Financial status of latest fiscal year (million KRW)
Total assets
144,672
Total liabilities
6,067
Total shareholders' equity
138,605
Capital stock
13,921
2. Shareholding ratio of subsidiary
Before exclusion
Shares held
1,392,165
Shareholding ratio (%)
26.3
After exclusion
Shares held
-
Shareholding ratio (%)
-
3. Percentage of value of shares held to total assets
Before exclusion
Value of shares held (million KRW)
69,625
Percentage in total assets (%)
0.1
After exclusion
Value of shares held (million KRW)
-
Percentage in total assets (%)
-
4. Total number of subsidiaries
Before exclusion
17
After exclusion
16
5. Reasons for exclusion
Disposal of equity
6. Date of exclusion
December 27, 2023
7. Date of board resolution (decision date)
December 15, 2023
8. Other matters to be factored into investment decisions
- In compliance with the article "Restrictions on Acts by Holding Companies" under the Monopoly Regulation and Fair Trade Act, POSCO HOLDINGS will transfer its entire stake in NEH Co., Ltd. to its subsidiary POSCO International. As a result of this transfer, NEH Co., Ltd. will become a second-tier subsidiary of POSCO HOLDINGS. However, under the Fair Trade Act, its status as an affiliate of business group and consolidated company will be remained the same.
- 'Value of shares held' before exclusion under 3. 'Percentage of value of shares held to total assets' is the book value of NEH Co., Ltd. on the separate financial statements of POSCO HOLDINGS on FY 2022 Business Report.
- Above 6 'date of exclusion is settlement date of share transaction.
- Above '7. Date of board resolution (decision date)' is resolution date of ESG committee, a corporate's special committee established under Board of Directors in accordance with Article 393-2 of the Commercial Act.
ø Related disclosure
-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
POSCO Holdings Inc. published this content on 27 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2023 17:26:37 UTC.
Posco Holdings Inc, formerly Posco, is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates its business through four segments. The Steel segment produces and sells steel products such as hot rolled steel, cold rolled steel, stainless steel, among others. The Trading segment engages in the global trade, including the export and import of steel products. The Engineering and Construction (E&C) segment plans, designs and builds industrial plants, civil engineering projects, commercial and residential buildings. The Other segment is engaged in the power plants, information and communication related services and other businesses.
POSCO HOLDINGS INC. 
