DB Metal Files Preliminary Listing Review Request for Backdoor Listing
Receipt of Application for Preliminary Review of Listing on the Korea Composite Stock Price Index Market
The Korea Exchange announced on the 16th that it has received the preliminary review application for listing on the KOSPI market submitted by DB Metal for a reverse merger.
Founded in 2008, DB Metal is a company specializing in ferroalloy production. Last year, it recorded sales of 670.9 billion KRW and an operating profit of 148.9 billion KRW.
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On the same day, the listed company DB announced that it will absorb and merge DB Metal. The merger date is set for February 1, 2024.
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