 |
 |
 |
 |
| Company registration |
D-2 months before |
A general shareholders¡¯ meeting can be held two months after registration. |
Article 190 of the regulation |
| M&A ratio valuation contract |
D-58 |
Report to the Financial Supervisory Commission and the Korea Exchange |
Article 83 of the public notification |
| Board of Directors resolution on M&A, and contraction of M&A agreement |
D-48 |
|
Article 522 of the Commercial Law |
| Announcement of the M&A agreement contraction according to the Board of Directors resolution |
Announce the Board of Directors resolution |
Article 186 of the regulation |
| Filing of M&A |
Close the shareholder list and set the standard date one day before the public announcement |
Article 190-2 of the regulation |
| General shareholders¡¯ meeting according to the Board of Directors resolution |
|
|
| Cessation of the transfer of the list and announcement of its closure |
D-45 |
Two weeks before the standard date for list confirmation |
Article 354 of the Commercial Law |
| Date of confirmation of the shareholders list |
D-30 |
|
Article 354 of the Commercial Law |
| Announcement of, and sending of notices for, the M&A general shareholders¡¯ meeting |
D-15 |
M&A overview and information |
Article 85 of the public notification |
| M&A contract, announcement of M&A B/S |
Six-month notification starting two weeks before the convening of the general shareholder¡¯s meeting |
Article 522-2 of the Commercial Law |
| Written M&A objection notification and submission deadline |
D-1 |
|
Article 522-2 of the Commercial Law |
| Convening of general shareholders¡¯ meeting for M&A approval |
D |
Special resolution of the shareholders in the general shareholders¡¯ meeting |
Article 522 of the Commercial Law |
| Reporting of results of M&A general shareholders¡¯ meeting |
D+1 |
|
|
| Submission of acquired shares by opposing shareholders |
Within 20 days from the date of the general shareholders¡¯ meeting |
Article 522-3 of the Commercial Law |
| Creditor objection notification submission and notification |
Notify within two weeks, exceeding one month |
Article 527-5 of the Commercial Law |
| Acquisition of shares and old-stock-rights-submission notification |
More than one month |
Article 440 of the Commercial Law |
| Completion of stock acquisition |
D+21 |
Within 20 days from the general shareholders¡¯ meeting |
Article 522-3 of the Commercial Law |
| Final submission of creditor objections |
D+32 |
Notification period exceeding one month |
Article 522-5 of the Commercial Law |
| Final submission of old-stock rights |
Notification period exceeding one month |
Article 440 of the Commercial Law |
| Appointed date for M&A |
D+34 |
Actual M&A date |
|
| General meeting for M&A reporting and Board of Directors resolution adjustments |
D+35 |
Adjustment of Board of Directors resolution in general meeting for M&A reporting |
Article 526 of the Commercial Law |
| Notification regarding Board of Directors resolution |
D+36 |
|
Article 526, Item 3 of the Commercial Law |
| M&A registration (disorganization registration, adjustment registration) |
D+37 |
Within two weeks for the headquarters, within three weeks for the branches |
Article 528 of the Commercial Law |
| M&A completion report |
Immediately after the completion of M&A |
Article 86 of the public notification |
| Listing of new shares of M&A and payment of old shares |
|
|
|
| Payment of submitted acquired shares |
Within D+52 |
Payment within one month from the submission date of the acquisition |
Article 191 of the regulation |