5 stories mentioning KRX:005490Updated 1h ago
Every FINWIRES story that references KRX:005490, newest first.
Posco Holdings (KRX:005490) lowered its exchange price on its foreign currency-denominated exchangeable bonds after declaring a cash dividend, according to a bourse filing on Friday.The exchange price was adjusted to 414,343 won from 419,025 won, applicable from Aug. 25.Shares of Posco Holdings added nearly 4% at market close.
Posco (KRX:005490) is targeting consolidated revenue of 87.9 trillion won by 2028, representing a compound annual growth rate of 8.4%, according to a bourse filing on Thursday.To achieve this, the company plans to establish 10 million tonnes per annum of overseas steel production capacity by 2031, expand its lithium business to become a top global supplier, and grow its LNG value chain.A mid-term investment plan of 29.1 trillion won between 2026 and 2028 will support these initiatives, while low-profit assets are targeted for restructuring.The company also aims to deliver shareholder returns of 35% to 40% of adjusted controlling-interest net income over the same period.
Posco Holdings (KRX:005490) is mulling scaling down its titanium business, including a complete exit, as its production shrinks to about one-third of 2015 levels amid growing cheaper exports from China, Pulse News reported Wednesday.The company, Korea's first domestic producer of titanium sheets, maintains that falling profitability has impacted its operations; however, no decision has been finalized yet, the report said.Meanwhile, the industry observers believe that any change in the company's titanium business strategy may impact Korea's domestic supply chain, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Posco Holdings (KRX:005490) disclosed a serious industrial accident at its Shinansan Line l, which left one worker dead, according to a Wednesday filing with the Korea Exchange.The worker fell from a height during electrical work preparation in a vertical shaft on Tuesday. The cause of the fall hasn't been identified yet, the filing said.Police and the Ministry of Employment and Labor are investigating the incident, and accident prevention measures are being written to prevent a recurrence, it said.
Woojin I&S (KRX:010400) secured a contract to provide construction equipment works at the Seoripul mixed-use business complex project from Posco (KRX:005490) subsidiary Posco E&C, according to a Tuesday filing with the Korea Exchange.The contract, valued at 25.6 billion won, is valid till June 30, 2030.Shares of Woojin I&S rose more than 1% in recent trade, while those of Posco jumped over 11%.
