[Special Stock] Doosan Robotics Rises on Expectations of Successful Group Governance Restructuring
Doosan Robotics rebounded on the stock market on the 9th, recovering from the price drop caused by the emergency martial law. The National Pension Service, which holds the casting vote in the Doosan Group's governance restructuring plan, expressed a 'conditional approval' stance on the Doosan Enerbility split and merger agenda, acting as a driving force for the stock price to turn upward.
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View original imageAs of 2:10 PM on the same day, Doosan Robotics was trading at 62,000 won, up 1.31% from the previous day's closing price. In the morning session, the stock price fell sharply to 55,800 won, down 8.82% from the previous day, but rebounded strongly in the afternoon session.
On this day, the National Pension Service's Stewardship Committee held its 15th meeting and decided to conditionally approve the split and merger plan between Doosan Enerbility and Doosan Robotics. They stated that they would approve if the stock price on the 10th is higher than the planned purchase price. However, if the stock price is lower or the same, they will abstain.
The planned purchase prices are 20,890 won for Doosan Enerbility and 80,472 won for Doosan Robotics. As of 1:30 PM on the same day, the stock prices of both companies were significantly below the planned purchase prices, so unless there is a sharp rise within a day, the National Pension Service is likely to abstain. For approval, the stock price would need to rise more than 20% tomorrow.
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However, with the majority leaning towards approval rather than opposition, the possibility that Doosan Robotics will hold Doosan Bobcat, the group's cash cow, as a subsidiary has increased.
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