Park Sang-hyun, CEO of Doosan Enerbility, is answering questions from the press at a press conference on the Doosan Enerbility-Doosan Robotics spin-off merger held on the afternoon of the 21st at the Plaza Hotel in Jung-gu, Seoul. From the left in the photo are Ryu Jeong-hoon, CEO of Doosan Robotics, CEO Park, and Scott Park, Vice Chairman of Doosan Bobcat. Photo by Yonhap News
Doosan Robotics announced on the 30th that it has resubmitted a revised securities report regarding the spin-off and merger with Doosan Enerbility.
In this revised report, Doosan Robotics stated that it plans to select additional external evaluation agencies in the future to enhance fairness and objectivity.
A Doosan official explained, "Anjin Accounting Corporation, which was the external auditor for Doosan Robotics in the previous fiscal year, is responsible for evaluating and verifying the merger price in this spin-off and merger. To avoid any misunderstanding regarding fairness and objectivity, we have pre-announced plans to select additional external evaluation agencies."
He added, "The merger price is calculated based on market value regardless of the financial statements of the previous fiscal year, so the execution of this external evaluation work is not restricted. We have also obtained confirmation from the accounting firm and legal advisors regarding this matter."
Doosan Robotics plans to resubmit a revised report reflecting the verification results once the additional external evaluation agencies are selected.
Earlier, Doosan Group announced a business restructuring plan to separate Doosan Bobcat from Doosan Enerbility and place it under Doosan Robotics as a subsidiary.
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