[Alpha Biz=(Chicago) Reporter Kim Jisun] OCI announced on the 4th that it has decided to retire all of its 38,040 shares acquired during the personnel split last year to enhance shareholder value.

The capital after capital reduction will fall from about 44.95 billion won to about 44.76 billion won, while the number of shares issued will drop from 8,995,535 to 8,952,495, respectively.

The company explained, "There is no change in the shares owned by ordinary shareholders as we plan to arbitrarily and gratuitously incinerate all 38,040 shares of our company."

Previously, the existing OCI decided to divide into OCI Holdings, a holding company, and OCI, a new corporation, on May 1 last year.

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