Dunamu delays share swap with Naver Financial by three months…rescheduled to Sept. 30
Summary
- Dunamu disclosed that it changed the schedule for its comprehensive share swap with Naver Financial from June 30 to Sept. 30.
- The record date for determining shareholders was moved to July 22, the shareholders’ meeting was rescheduled to Aug. 18, and the appraisal rights exercise period was revised to Aug. 18 to Sept. 7.
- Under the transaction, Naver Financial will become the wholly owning parent company and Dunamu the wholly owned subsidiary, with the share swap ratio set at 1:2.5422618.
Forecast Trend Report by Period
Dunamu has postponed by about three months the timetable for its comprehensive share swap with Naver Financial.
According to the Financial Supervisory Service’s electronic disclosure system (DART) on the 30th, Dunamu disclosed that it changed the share swap and transfer date from June 30 to Sept. 30.
With the schedule adjustment, key procedures were also pushed back across the board. The record date for determining shareholders was moved to July 22, and the shareholders’ meeting is scheduled for Aug. 18. The period for exercising appraisal rights was revised to Aug. 18 to Sept. 7, and the submission period for existing share certificates was changed to Aug. 19 to Sept. 29.
Under the deal, Naver Financial will become the wholly owning parent company and Dunamu the wholly owned subsidiary. The share swap ratio is set at 1:2.5422618, meaning about 2.54 shares of Naver Financial will be delivered for each Dunamu share.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
