Stock Exchange with E-Mart - Ratio 1:0.5031313, Appraisal Right Price Raised to 63,348 Won
- Shinsegae Food will become a wholly-owned subsidiary of E-Mart via comprehensive stock exchange; ratio: 0.5031313 Shinsegae Food shares per 1 E-Mart share (3% premium on Shinsegae Food's reference price of 48,729 won)
- Appraisal right purchase price raised 29.6% from 48,876 won to 63,348 won (30% premium over reference price, 58% above tender offer price of 40,100 won)
- Exchange date: July 23, 2026; trading suspension period: July 21 ~ August 10
- E-Mart will deliver 524,319 treasury shares; no new shares issued
- Shinsegae Food plans to cancel all treasury shares (257,029) and shares acquired through appraisal rights before the exchange date
- E-Mart maintains annual 280,000 share cancellation plan; sufficient remaining treasury shares after exchange
- DCF valuation by Accounting Firm Forest confirms exchange ratio (0.5031313) within fair range (0.4625~0.5249)
ADVERTISEMENT (250px+)
KOSPI Filing Information
- Filing: [Correction of Description] Report on Major Matters (Decision on Stock Exchange and Transfer)
- Company: Shinsegae Food (031440)
- Submission: Shinsegae Food Inc.
- Receipt: 05-21-2026