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Samyang Packaging Holds the 5th Regular Shareholders’ General Meeting and Board Meeting Print
Affiliates Samyang Packaging Writer administrator Hits 79 Date 2019.04.01

- Sales of KRW 366 billion and pre-tax profit of KRW 27.5 billion in 2018… cash dividends of KRW 500 per common stock
- Lee kyoung sub, reelected as COO, sets this year’s sales target of KRW 402 billion

 

 

Samyang Packaging held its 5th regular general meeting of shareholders on March 15 at the Samyang Group headquarters.


At the meeting, five items were passed in their original forms (as proposed), including the fifth financial statement, the partial amendment of the articles of

association, the appointment of a board member, the maximum compensation for the board member, and the maximum compensation for auditors.


In the business report, sales of KRW 366.3 billion with a pre-tax profit of KRW 27.5 billion were reported for 2018, and according to the fifth financial statement, cash dividends of KRW 500 per common stock was voted on and approved. Lee kyoung sub, whose term in office had been about to expire, was re-elected and appointed as a board member, and was later appointed as the COO at a subsequent board meeting.


COO Lee stated in his welcome speech, “This year, Samyang Packaging complete the construction of the Aseptic Production Facility No. 4, strengthening its market power and expanding its presence in the global market, in order to achieve the sales target of KRW 402 billion. We will focus on expanding our Aseptic business, enhancing the profitability of the container business, and improving our production quality and competitiveness.”


 

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