Gold Steel Co. Disposes of 514,000 Treasury Shares... 24 Billion Won in Transfers to Seoon Steel, Lee Hye-gyun, and Suwo Technology

Gold Steel Co. (053260) disclosed on July 29 that it disposed of 514,000 ordinary shares via private placement at 4,690 won per share, totaling 24.1066 billion won. The shares were transferred to Seoon Steel (320,000 shares, 15.8 billion won), Lee Hye-gyun (89,000 shares, 4.1741 billion won), and Suwo Technology (105,000 shares, 4.9245 billion won). Post-disposal, Gold Steel held 24.8958 million treasury shares (13.30%) under the Capital Markets Act, with consolidated financials showing assets of 151.4 billion won, liabilities of 24.5 billion won, and sales of 177.2 billion won. The stock closed at 4,325 won on July 29, down 3.67% from the prior day.