Douzone Bizon Completes Share Exchange at 120,000 KRW per Share, Becomes Wholly Owned Subsidiary
Douzone Bizon has completed a share exchange with Doronicum Co., becoming a wholly owned subsidiary effective June 30, 2026, and will be delisted.
Each share received 120,000 KRW in cash with no new shares issued, eliminating dilution risk for existing shareholders.
Appraisal rights were exercised for 2,578 shares with total payment of 309 million KRW. The majority shareholder held 93.99% before the exchange.
[AI Summary]Douzone Bizon initiates delisting via a cash-based share exchange by its majority owner. No dilution from new shares, but minority shareholders are forced to sell. Short-term value aligns with liquidation price, but liquidity premium will be lost.
KOSPI Filing Information
Termination Report on Merger, etc. (Comprehensive Exchange and Transfer of Shares)