ARIBIO Maintains Merger Drive With Solux as Top Priority
On May 18, ARIBIO stated that there has been no change in its plan to pursue a merger with Solux, despite speculation in some parts of the market regarding the possibility of a direct listing.
The company explained that confusion has arisen in the market after remarks about considering a direct listing, made during a recent press conference, were interpreted more broadly than intended.
An ARIBIO representative said, "Currently, the company's top priority is to pursue a merger with Solux," adding, "The possibility of a direct listing was mentioned as one of several strategic options."
The representative continued, "No decisions have been made regarding any changes to the merger structure, and the related procedures are proceeding according to the existing plan. We are also communicating smoothly with relevant authorities."
He added, "We plan to provide transparent updates on key developments to minimize confusion among the market and shareholders."
Hot Picks Today
"Koreans Spend 1 Million Won Each and Come Back"... 'They Said They Were Going for Value for Money,' but Open Their Wallets Wide in Japan- "Wow, Have Middle-Aged Men Had This All to Themselves?"... Women in Their 20s and 30s Find Comfort in a Standing Drink
- After Monthly Rents Hit KRW 8 Million, 'Housing Emergency' Declared... AI Boom Draws Wealthy to 'This City'
- "Naked Again?" Controversial Actress Crosses a Line... Slammed for Sexualizing 'Child Characters'
- "They Get a Good Night's Sleep and Earn Twice My Salary... Honestly, I'm So Jealous I Could Die": Civil Servant's Post Targeting Firefighters Sparks Outrage
ARIBIO emphasized that, separate from mentions of a possible direct listing, it continues to maintain the merger with Solux as its top priority and is proceeding with the existing process.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
