March 05, 2001 in Social Responsibility News

Participation of SEC in Tolos Co., Ltd. rights offering

Contents
- participate in rights offering of Tolos Co., Ltd. within the existing portion of equity ownership

- SEC' part
investment size: 4,997 million won(before: 57million->after:5,054 million won)
number of shares: 999,400 shares(19%)

※ Details of Tolos Co., Ltd. rights offering
- founded in April 1998, after spin-off from SEC logistics team
rights offering size:26.3 billion won(before: 300million->after:26.6 billion)
number of shares outstanding: 5,260,000(5000won per share)
time of offering: March 6, 2001


Objectives
- Improve financial structure of Tolos Co.,Ltd by taking part in the rights offering
debt ratio end of 2000 1,111%->after 47%
debt to equity ratio end of 2000 8%->after 68%
- By utilizing investment fund, it is possible to upgrade the structure of the logistics system
which will enhance SEC' competitive-edge
- unanimous approval


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