[Special Stock] Doosan's Stock Rises on Majority 'Support' for Governance Restructuring

On the 5th, Doosan's stock price showed a sharp rise during the trading session. The possibility of restructuring increased as advisory firms on voting rights showed a majority of favorable opinions regarding Doosan Group's governance restructuring plan.

Exterior view of Doosan Enerbility Changwon Headquarters

As of 2:50 PM, Doosan's stock price was recorded at 218,000 KRW, up 6.08% from the previous day's closing price. After showing an upward trend in the early session and hovering around 215,000 KRW, the stock price expanded its gains in the afternoon.

Ahead of the extraordinary general meeting related to Doosan's governance restructuring plan, domestic and international voting advisory firms have continued to express 'approval' opinions. Although some firms voiced 'opposition,' the approval opinions overwhelmingly dominated.

Previously, Glass Lewis, Korea ESG Standards Institute, Korea ESG Research Institute, and the Governance Advisory Committee of the Korea Listed Companies Association recommended approval of Doosan's governance restructuring plan. On the other hand, global advisory firm ISS, overseas pension funds, and Ajou Corporate Management Research expressed opposition.

Doosan Enerbility will hold an extraordinary general meeting on the 12th to approve this spin-off merger.