Deoksan Hymetals and Dasan Networks Receive Shareholder Approval for Subsidiary IPO Launches

According to Edaily on May 29 and June 19, Deoksan Hymetals and Dasan Networks passed shareholder approval for subsidiary initial public offerings (IPOs). Deoksan Hymetals secured 92% approval from voting shareholders to list subsidiary Deoksan Nepcore, with general shareholders voting 73% in favor at the May 29 extraordinary general meeting. Dasan Networks achieved 90.3% approval for subsidiary DTS's IPO at its June 19 meeting. Both companies emphasized their subsidiaries' operational independence and distinct business lines from parent operations. Deoksan Nepcore, acquired in 2021, operates in defense and aerospace navigation solutions separately from Deoksan Hymetals' semiconductor packaging business. DTS, a cooling equipment manufacturer, was developed through years of parent company investment and management. The approvals mark the first test cases for managing regulatory concerns over double-listing in South Korea's IPO market.
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