DB HiTek pushes split-off despite shareholder opposition
newscatcher
2023-03-10 10:31
DB HiTek pushes split-off despite shareholder opposition
DB HiTek's chip plant in Bucheon, Gyeonggi [DB HITEK] DB HiTek, a Kopsi-listed chip company, is pushing to split off its semiconductor designing business, reversing its previous stance. The Bucheon, Gyeonggi-based company recently said in a regulatory filing that its board of directors agreed to put forward a proposal to separate its fabless business as a subsidiary at a shareholder meeting slated for Mar. 29. Tentatively named DB Fabless, the split-off will be 100 percent owned by its parent company DB HiTek.

https://n.news.naver.com/mnews/article/640/0000035991?sid=101

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