Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Jusung Engineering decided to conduct a physical split to separate its display and solar equipment business into an unlisted new entity named ‘JUSUNG SD CO., LTD. (tentative)’, while transforming the surviving entity into ‘JUSUNG HOLDINGS CO., LTD. (tentative)’.
📊 [Key Disclosure Contents & Major Financial Figures]
- Division Overview & Method
- Split Method: Simple Physical Split (The surviving entity holds 100% of the newly established entity’s issued shares. The surviving entity remains listed on KOSDAQ, while the new entity remains unlisted)
- Surviving Entity: JUSUNG HOLDINGS CO., LTD. (tentative) (Investment and management division for managing subsidiaries, investee companies, and new investments)
- Newly Established Entity: JUSUNG SD CO., LTD. (tentative) (R&D, manufacturing, and sales of display and solar equipment)
- Key Financial Figures (As of Dec 31, 2023, Separate Basis)
- Surviving Entity (JUSUNG HOLDINGS tentative): Total Assets KRW 560.85B / Total Liabilities KRW 226.62B / Total Equity KRW 334.22B / Capital Stock KRW 15.69B
- Newly Established Entity (JUSUNG SD tentative): 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
- Board Resolution Date: 2024-05-02
- Record Date for Shareholders: 2024-09-02
- Dissent Notice Period: 2024-09-23 ~ 2024-10-07
- General Meeting of Shareholders Date: 2024-10-08
- Exercise Period for Appraisal Rights: 2024-10-08 ~ 2024-10-28
- Division Effective Date: 2024-11-01
- Estimated Purchase Price per Share for Appraisal Rights: KRW 35,305 per common share
- 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 Jusung Engineering 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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