Shinsegae Food faces delisting risk via comprehensive stock exchange with E-Mart, raising concerns over minority shareholder value amid ongoing opposition
Shinsegae Food has entered into a comprehensive stock exchange agreement with its largest shareholder E-Mart, leading to delisting procedures; minority shareholders including Value Partners Asset Management oppose the deal via shareholder letters citing fairness of exchange ratio
The company held two shareholder meetings and formed a special committee to review minority protection measures, but disagreements persist on key issues such as the appraisal right price
2025 consolidated revenue reached KRW 1.233 trillion, operating profit KRW 4.77 billion, net income KRW 77.21 billion, with net income surging due to the exclusion of discontinued operations from the catering business transfer
Dividend maintained at KRW 900 per share (yield 1.9%), marking 26 consecutive years of year-end dividends, but no formal shareholder return policy exists, limiting dividend predictability
Corporate governance report shows compliance with most key indicators, but improvements are needed such as insufficient advance notice for some shareholder meetings and lack of English information for foreign investors