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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Jisun] The National Pension Fund’s Trustee Responsibility Committee (TRC) announced on the 9th that it had conditionally decided to approve the merger between Doosan Enerbility and Doosan Robotics during its 15th meeting.
The committee stated that it would vote in favor of the merger if, as of the day before the deadline for submitting objections to the merger (December 10), the stock price is higher than the designated purchase price. If this condition is not met, the committee will abstain from voting.
The TRC explained that this decision was aimed at securing appraisal rights for shareholders. Under the Capital Markets Act, shareholders of merging companies can notify their opposition before the shareholders' meeting and request the purchase of their shares at the pre-determined appraisal price.
The appraisal prices are set at 20,890 KRW for Doosan Enerbility and 80,472 KRW for Doosan Robotics.
The two companies plan to present the proposed merger for approval at their extraordinary shareholders' meeting on December 12.
In addition, the TRC announced its approval of other items on the agenda, including the reduction of reserves and the appointment of Yoo Hye-ryeon, an outside director, as an audit committee member.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
