DB World, an affiliate of DB Group, is set to merge with financially troubled DB Metal, sparking opposition from small shareholders of parent company DB HiTek. The merger, announced on the 24th and expected to complete on July 1, is seen as problematic due to DB World taking on the financial risk of DB Metal, which is on the verge of capital erosion. Suspicions have also arisen that the merger is a means to repay the debts of former DB Group chairman Kim Jun-ki, who allegedly guaranteed the debts of DB Metal.
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Auto-posted at: 2025-03-28 09:02:58