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Hana Financial Investment | 2018.05.23

 

May 29 Split merger temporary cancellation


On May 29, Hyundai Mobis and Hyundai Glovis were canceling the extraordinary shareholders' meeting for split merger. It is presumed that it would be difficult to pass the extraordinary general shareholders' meeting due to the shareholder's reaction to the split merger ratio. MOBIS is expected to resume the merger plan after persuading shareholders to follow it, but the exact timing and method have not been confirmed. (1) Hyundai Mobis is divided into investment / core parts business (existing) and module / AS parts domestic business (division). The split ratio of the survival / division division is approximately 0.79: 0.21, and (2) the merger with Hyundai Glovis. The merger ratio was 0.61 shares of Hyundai Glovis, a merger per share of Hyundai Mobis.

 

 

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