Global private equity fund manager EQT Partners met the requirements for a voluntary delisting by securing more than 95% of DOUZONE BIZON CO. equity through additional open-market purchases after the tender offer.
According to the Financial Supervisory Service's electronic disclosure system on the 30th, EQT additionally acquired 406,875 shares of DOUZONE BIZON CO. through short-term open-market purchases after the tender offer. As a result, EQT's DOUZONE BIZON CO. equity ratio reached 88.25% of the total number of shares outstanding.
To apply for a voluntary delisting from the Korea Exchange (KRX), more than 95% of voting equity must be secured. EQT's voting equity ratio stands at 95.38%, meeting the voluntary delisting threshold.
Earlier, on the 27th, DOUZONE BIZON CO. resolved at its board meeting to pursue a comprehensive exchange of cash-settled shares. However, as EQT raised its equity ratio to over 95% through open-market purchases, a delisting is now possible without a comprehensive share exchange.