Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jusung Engineering resolved via its Board of Directors to suspend and withdraw its corporate spin-off decision as the total amount of appraisal rights exercised exceeded the KRW 50B limit.
📊 [Key Disclosure Contents & Major Figures Summary]
- Disclosure Title: Withdrawal of Decision on Corporate Spin-off (Other Major Management Matters)
- Reason for Filing: Withdrawal of corporate spin-off decision
- Decision Date: 2024-10-29
- Key Details: Although the spin-off plan was approved at the Extraordinary General Meeting of Shareholders on October 8, 2024, the total purchase amount for shares exercising appraisal rights in opposition to the spin-off exceeded KRW 50B (KRW 50,000,000,000) as of the deadline for exercising appraisal rights. Consequently, the Board of Directors resolved to suspend the spin-off process and withdraw the spin-off decision. All future scheduled matters regarding the spin-off have been canceled.
- Related Disclosures:
- 2024-05-02 Material Facts Report (Decision on Corporate Spin-off)
- 2024-09-23 [Correction] Resolution on Convocation of General Meeting of Shareholders
- 2024-09-23 Notice of Convocation of General Meeting of Shareholders
- 2024-10-08 Results of Extraordinary General Meeting of Shareholders
- 2024-10-29 [Correction] Material Facts Report (Decision on Corporate Spin-off)
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Spin-off Withdrawal Due to Excess Appraisal Rights Exercises and Related Disclosure Filings
This disclosure notifies the market that the Board of Directors resolved to withdraw the corporate spin-off decision after the total appraisal rights exercised by shareholders exceeded the established limit of KRW 50B following the shareholder meeting approval. Verifying that the suspension and withdrawal of the spin-off decision have been properly reflected in official disclosure records is important for confirming the final processing status of the procedure. Details regarding this withdrawal can be verified through official correction filings and periodic reports submitted on the DART system.
📢 Disclaimer & Source Notice
Source: This content has been re-structured and authored based on official data submitted to the Financial Supervisory Service’s DART system.
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