Doronicum Secures 100% Stake in Douzone Bizon Through Stock Exchange and Market Purchases
Filer Doronicum Co. increased its stake in Douzone Bizon from 98.48% to 100% through a comprehensive stock exchange and on-market purchases by a special relation.
The stock exchange involved Doronicum acquiring 1,393,701 shares from its special relation Doronicum Singapore LP at 120,000 won per share for a total cash consideration of 210,256,560,000 won.
The acquisition was funded by 42,051,312,000 won in equity and 168,205,248,000 won in borrowings from NH Investment Securities, with 27,371,745 shares pledged as collateral.
[AI Summary]Doronicum's full ownership eliminates minority interests but does not dilute share count as no new shares were issued. The 1.7 trillion won secured loan poses financial risk, while complete control enhances governance stability.