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Financial Supervisory Service Chief Says "Unlimited Corrections Required for Doosan Robotics’ Revised Report if Incomplete"

Business / Kim SangJin / 08/09/2024 03:08 AM

 

[Alpha Biz= Reporter Kim Sangjin] Lee Bok-hyun, Chairman of the Financial Supervisory Service (FSS), has announced that if there are any deficiencies in the amended filing related to the merger between Doosan Robotics (454910) and Doosan Bobcat (241560), the FSS will demand unlimited revisions.

In a briefing following the “FSS Chairman-Asset Management CEO Meeting” on August 8, Lee stated that the FSS will review whether the initial securities filing contains sufficient information about the effects of the restructuring, the decision-making process, and the associated risks necessary for shareholders to make informed decisions.

He emphasized that if any information is found to be lacking, the FSS will require ongoing corrections without limiting the number of revisions. This reflects the FSS’s commitment to ensuring that all necessary information is thoroughly disclosed to protect shareholder interests and ensure transparency.

 

 

 

AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)

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