Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jusung Engineering released a corrected filing regarding its physical split to separate its solar and display equipment business into a non-listed new entity, updating company names and capital stock figures.
📊 [Key Disclosure Contents & Major Financial Figures]
- Key Correction Details
- New Company Name Change: JUSUNG SD CO., LTD. (tentative) → JUSUNG LUX CO., LTD.
- Surviving Company English Name and Capital Stock Correction:
- English Name: JUSUNG HOLDINGS., (tentative) → JUSUNG HOLDINGS CO., LTD.
- Capital Stock: Revised from KRW 15.69B to KRW 15.86B (reflecting the planned retirement of 980,891 treasury shares resolved at the Board of Directors meeting on July 4, 2024)
- Business Segment Description Correction: Display and solar equipment → Solar and display equipment R&D, manufacturing, and sales business segment
- Division Overview & Method
- Split Method: Simple Physical Split (The surviving company holds 100% of the newly established company’s issued shares. The surviving entity remains listed on KOSDAQ, while the new entity remains unlisted)
- Surviving Company: JUSUNG HOLDINGS CO., LTD. (Investment and management division for managing subsidiaries, investee companies, and new investments)
- Newly Established Company: JUSUNG LUX CO., LTD. (R&D, manufacturing, and sales of solar and display equipment)
- Key Financial Figures (As of Dec 31, 2023, Separate Basis)
- Surviving Company (JUSUNG HOLDINGS): Total Assets KRW 560.85B / Total Liabilities KRW 226.62B / Total Equity KRW 334.22B / Capital Stock KRW 15.86B
- Newly Established Company (JUSUNG LUX): Total Assets KRW 142.51B / Total Liabilities KRW 16.93B / Total Equity KRW 125.58B / Capital Stock KRW 15.00B / Recent Fiscal Year Revenue KRW 69.85B
- Key Timeline & Appraisal Rights
- Division Effective Date: 2024-11-01
- General Meeting of Shareholders Date: 2024-10-08
- Estimated Purchase Price per Share for Appraisal Rights: KRW 35,305 per common share
- Exercise Period for Appraisal Rights: 2024-10-08 ~ 2024-10-28
- Total Limit for Appraisal Rights: If the total purchase value of shares exercising appraisal rights exceeds KRW 50.00B, the board of directors may resolve to terminate or cancel the division process
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Total Amount of Exercised Appraisal Rights and Potential Cancellation Clause
This physical split includes a condition allowing the company to cancel the division through a board resolution if the total amount of exercised appraisal rights exceeds KRW 50.00B. Checking whether the scale of appraisal rights exercised by dissenting shareholders surpasses this threshold is crucial to determining whether the corporate split will proceed as scheduled. Details on the final exercise amount and status can be verified in subsequent official disclosures, such as the Results of General Meeting of Shareholders or follow-up Major Matters Reports.
📢 Disclaimer & Source Information
Source: This content was newly structured and written based on official filing data from the Financial Supervisory Service (DART).
Investment Risk Warning: This content is provided solely for information purposes and language reference. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
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