UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October, 2022
Commission File Number: 1-13368
POSCO HOLDINGS INC.
(Translation of registrants name into English)
POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, 06194
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Notice of Exclusion of Subsidiary in Holding Company
1. Details of subsidiary | A. Company name
|
POSCO HY Clean Metal Co., Ltd
| ||||
B. Representative
|
Chi, Woo-Hwang
| |||||
C. Main business
|
Secondary battery recycling
| |||||
A. Financial status of latest fiscal year (million KRW) | Total assets
|
127,892
| ||||
Total liabilities
|
9,967
| |||||
Total shareholders equity
|
117,925
| |||||
Capital stock
|
120,000
| |||||
2. Shareholding ratio of subsidiary | Before exclusion | Shares held
|
15,600,000
| |||
Shareholding ratio (%)
|
65.0
| |||||
After exclusion
|
Shares held
|
| ||||
Shareholding ratio (%)
|
| |||||
3. Percentage of value of shares held to total assets | Before exclusion | Value of shares held (million KRW) | 78,000
| |||
Percentage in total assets (%) | 0.1
| |||||
After exclusion | Value of shares held (million KRW) |
| ||||
Percentage in total assets (%)
|
| |||||
4. Total number of subsidiaries | Before exclusion | 17
| ||||
After exclusion | 16
| |||||
5. Reasons for exclusion | Disposal of equity
| |||||
6. Date of exclusion | October 31, 2022
| |||||
7. Date of board resolution (decision date) | August 11, 2022 |
8. Other matters to be factored into investment decisions | HY Clean Metal which is a subsidiary of POSCO HOLDING will change its status to sub-subsidiary as its business will be controlled by POSCO-GS Eco materials which is soon to be incorporated as a subsidiary of POSCO HOLDINGS. However, under the Fair Trade Act, its status as an affiliate of business group and consolidated company will be remained the same.
Percentage in total assets before and after inclusion under 3. Percentage of value of shares held to total assets is the share of the acquisition value to the total assets of the financial statements of POSCO HOLDINGS after the Spin-off (on Quarterly Report of 1st quarter of 2022)
Above 6. Date of exclusion is the date when the investment in kind was conducted..
Above 7. Date of board resolution (decision date) is resolution date of investment committee, a corporates in-house investment decision-making organization. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
POSCO HOLDINGS INC. | ||||||
(Registrant) | ||||||
Date: October 31, 2022 | By | /s/ Han, Young-Ah | ||||
(Signature) | ||||||
Name: Han, Young-Ah | ||||||
Title: Senior Vice President |