(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] Doosan Robotics Submits Amended Securities Report for Split Merger and Stock Exchange with Doosan Enerbility and Doosan Bobcat

On August 6, Doosan Robotics submitted a revised securities report for its proposed split merger with Doosan Enerbility and comprehensive stock exchange with Doosan Bobcat. This follows a request from the Financial Supervisory Service (FSS) for amendments to the previously disclosed report on July 24.

The corrected report provides detailed explanations of the split merger's rationale and the basis for the merger's valuation, addressing the FSS's concerns. It outlines that, amidst a global boom in nuclear power, securing additional cash for new technology and timely production facility expansion is critical for Doosan Enerbility. The company anticipates a reduction of KRW 1.2 trillion in net debt through the split merger, which is expected to facilitate advancements in nuclear technology and timely facility upgrades.

The report also notes that the valuation of investment stocks held by the newly established division of Doosan Enerbility was based on market value.

Additionally, the amended report emphasizes the potential synergies from the merger between Doosan Robotics and Doosan Bobcat. It highlights that Doosan Robotics could leverage Doosan Bobcat’s North American and European market networks and business infrastructure, while Doosan Bobcat could efficiently drive investments in automation and unmanned technology through the integration with Doosan Robotics.

 

 

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