This comprehensive share exchange is a share exchange between listed companies. In accordance with applicable laws and regulations, the exchange price was determined based on market prices, and the share exchange ratio(6.3571040) was calculated on the basis thereof.
※ Relevant laws and regulations: Article 165-4 of the Financial Investment Services and Capital Markets Act, and Articles 176-5 and 176-6 of the Enforcement Decree thereof.
Although an evaluation by an external valuation institution is not legally required for this transaction, both companies additionally conducted fair value assessments through independent external accounting firms in order to enhance the objective verification of the fairness of the share exchange ratio. These assessments applied both the intrinsic value method and the discounted cash flow method.
As a result, it was confirmed that the valuation outcomes derived from the intrinsic value method and the discounted cash flow method were generally consistent with the share exchange ratio calculated based on market prices, supporting the fairness and appropriateness of the exchange ratio.
This comprehensive share exchange is a share exchange between listed companies. In accordance with applicable laws and regulations, the exchange price was determined based on market prices, and the share exchange ratio(6.3571040) was calculated on the basis thereof.
※ Relevant laws and regulations: Article 165-4 of the Financial Investment Services and Capital Markets Act, and Articles 176-5 and 176-6 of the Enforcement Decree thereof.
Although an evaluation by an external valuation institution is not legally required for this transaction, both companies additionally conducted fair value assessments through independent external accounting firms in order to enhance the objective verification of the fairness of the share exchange ratio. These assessments applied both the intrinsic value method and the discounted cash flow method.
As a result, it was confirmed that the valuation outcomes derived from the intrinsic value method and the discounted cash flow method were generally consistent with the share exchange ratio calculated based on market prices, supporting the fairness and appropriateness of the exchange ratio.