Decision to Absorb Wholly-Owned Subsidiary YMP Lighting via Small-Scale Merger (Non-Capital Increase)
- Merger purpose: Absorb wholly-owned subsidiary YMP Lighting to enhance management efficiency and create synergies in automotive lamp business
- Merger method: Small-scale merger under Korean Commercial Act (non-capital increase), merger ratio 1:0, no new shares issued, no change in capital stock or total shares
- Financial impact: No change in financial structure due to merger (DAEJIN ADVANCED MATERIALS as of 2025: net loss of KRW 3.49 billion, total equity KRW 1.11 billion, total liabilities KRW 22.41 billion)
- Shareholder impact: No appraisal right granted; merger may be halted if opposing shareholders hold 20% or more of total issued shares
- Schedule: Merger date July 1, 2026; record date for shareholders May 14, 2026; expected merger registration July 2, 2026
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KOSDAQ Filing Information
- Filing: Report on Major Events [Decision on Company Merger]
- Company: DAEJIN ADVANCED MATERIALS (393970)
- Submission: DAEJIN ADVANCED MATERIALS Inc.
- Receipt: 04-29-2026
- Amended (Refer to related filing)