Mom's Touch "To Apply for Delisting from the Exchange on the 30th of Next Month"
Public Tender Offer Shareholding Ratio 97.94%
Purchasing Shares from Minority Shareholders Even After Delisting
[Asia Economy Reporter Minji Lee] Mom's Touch announced on the 18th that it will apply for delisting from the Korea Exchange on the 30th of next month after holding an extraordinary general meeting of shareholders.
Earlier, Mom's Touch and its largest shareholder Korea F&B Holdings had announced a voluntary delisting through a tender offer and purchased 13,987,056 common shares from the 20th of last month to the 15th of this month. After the tender offer, the shareholding ratio is 97.94%.
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Mom's Touch plans to finalize the record date for shareholders on the 7th of next month and hold an extraordinary general meeting of shareholders on the 30th. The company stated that if minority shareholders remain at the time of delisting, the largest shareholder plans to purchase shares from minority shareholders who wish to sell during the orderly trading period and for a certain period (expected 6 months) after delisting.
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