Woosung Updates Merger Disclosure as Shareholder Amends Injunction Request
Bitget2026/10/22 22:31- Woosung corrected its merger disclosure on October 22, 2026, to reflect amended shareholder injunction requests targeting its merger with Woosung Distribution.
- The amended request seeks to block October 29 shareholder votes on the merger contract and treasury-share disposal plan.
- It also seeks to prohibit treasury-share transfers to Woosung Distribution shareholders; alternatively, it seeks voting restrictions on two shareholders.
- A court injunction could delay or derail the merger, scheduled for December 1, 2026.
- The company maintains the merger complies with applicable laws and plans to contest the injunction through legal proceedings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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