Korean Air’s acquisition of Asiana is another reef… Opposition to the bequest of the national pension

National Pension Service Decides’No’ to Change the Articles of Association of Korean Air [이슈+]

▽ National Pension Plan decides to exercise voting rights against Korean Air’s extraordinary general shareholders’ meeting on the 6th
▽’Interest’ such as cooperation with KCGI

Photo = Yonhap News

Photo = Yonhap News

Korean Air(28,450 +0.35%)Asiana Airlines(4,210 0.00%) The acquisition and integration work again met the reef. At the extraordinary shareholders’ meeting held by Korean Air, which is promoting a capital increase worth 2.5 trillion won, to amend the articles of incorporation, the National Pension Plan has decided to express its opposition.

According to the financial investment industry on the 5th, the National Pension Fund Trustee Responsibility Specialized Committee decided to exercise the right to vote against some amendments to the articles of association related to the total number of shares at the extraordinary general shareholders’ meeting of Korean Air to be held on the 6th. Korean Air’s stake in the national pension is 8.11%.

Korean Air will hold an extraordinary general shareholders’ meeting to change the articles of incorporation at the Korean Air Building in Haneulgil, Seoul at 9 am on the 6th.

Earlier on December 1, last year, Han Jin Kal filed by the KCGI (strong wealth fund)(64,400 0.00%) Korean Air’s acquisition of Asiana Airlines, which was expected to gain momentum by dismissing the application for the provisional injunction to ban the issuance of new shares, was likely to face another turn.

However, some observers observe that the impact of this decision on the shareholders’ collective results will not be significant, considering the share of the national pension.

Reporter Oh Jung-min Hankyung.com [email protected]
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