Without shareholder consent, ‘physical spin-off subsidiaries cannot be listed’… Duplicate listing guidelines to prevent ‘second LG Ensol’ emerged
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Last April, Financial Services Commission Chairman Lee Eok-won gave a congratulatory speech at a public seminar to collect opinions on improving the duplicate listing system held at the Korea Exchange in Yeouido, Seoul.
Last April, Financial Services Commission Chairman Lee Eok-won gave a congratulatory speech at a public seminar to collect opinions on improving the duplicate listing system held at the Korea Exchange in Yeouido, Seoul. Yonhap News Starting as early as the end of this month, when a company plans to separate a company's business and create a separate subsidiary for listing, the consent of the parent company's shareholders must be obtained. During the consent process, only up to 3% of the voting rights of the controlling shareholder are recognized. The Financial Services Commission and the Korea Exchange on the 6th approved the listing of the subsidiary.
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