Search results for Shinsegae Food
Industry
Food industry enters AGM season as commercial act response and new growth drivers come into focus
South Korea\'s food industry has entered the season for annual general meetings, with governance restructuring and securing future growth drivers emerging as key themes. With the revised Commercial Act set to take effect, companies are moving to amend articles of incorporation and adjust board structures, while also putting forward agenda items including reappointment of owner executives and succession-related appointments. Firms are also accelerating diversification and overseas expansion by adding new business purposes and reorganising operations.
Industry
E-Mart, Shinsegae Food to swap shares to resolve duplicate listing issue
E-Mart has launched procedures for a comprehensive share swap to bring Shinsegae Food under full ownership. Shinsegae Food would proceed toward delisting after steps to secure remaining shares and shift to an unlisted company. The share swap ratio is 0.5031313 Shinsegae Food shares per E-Mart share, with E-Mart paying using treasury stock. The contract signing is set for March 11 and the swap date for June 8.
General News
One month after SPC launches SMDH holding company, major fire undercuts safety push
SPC Group has marked one month since launching holding company Sangmidang Holdings (SMDH) to strengthen accountable management and safety. A major fire at its Siheung plant has put SPC’s safety management back under scrutiny, especially as the same site saw a fatal machinery accident last May. Fire authorities said 3 of 12 workers inhaled smoke and suffered minor injuries. The plant shutdown disrupted B2B supply, though production shifted to other facilities and supply resumed on Feb. 5.