NEWS
2023.01.21
Selling Gopax Faces Difficulties Persuading Minority Shareholders
Service area
Lawyer
Negotiations for the acquisition of the domestic virtual asset exchange Gopax by the global virtual asset exchange Binance are being delayed more than initially expected. In order for Binance to take over the management of Gopax, it is only necessary to secure a majority stake, but it is confirmed that the sale discussion has not yet been finalized. Partner attorney Ohoon Kwon explained, "In the case of unlisted stocks, if you do not own 100% of the shares, you may encounter opposition from minority shareholders when making various decisions. Accordingly, it will take time to acquire all."
URL: Selling Gopax Faces Difficulties Persuading Minority Shareholders
