Kakao to Hold Analyst, Shareholder Meetings on Nov. 13 and 20
Kakao will meet analysts on Nov. 13 at the Kakao AI Campus and minority shareholders on Nov. 20, both offline, to explain subsidiary growth plans.
Kakao announced it will hold an offline meeting with securities analysts on November 13 at 12:30 PM at the Kakao AI Campus, according to digitaltoday.co.kr.
At the meeting, the company will present mid- to long-term growth plans for key subsidiaries related to its spin-off.
Kakao will also hold an offline meeting with minority shareholders on November 20 at 2 PM at the Bulls Hall of the Korea Financial Investment Association, sponsored by NH Investment & Securities.
Both meetings will be held offline, with the shareholder meeting also available via conference call.
Spin-off context
On August 21, Kakao's board of directors resolved a spin-off that would separate the company into Kakao AI and Kakao X. The plan involves an extraordinary shareholders' meeting on December 17, with the split scheduled for completion on January 1 of next year.
On September 16, Kakao held an online meeting with minority shareholders to explain the spin-off's overview, background, and expected effects. Kakao's labor union demanded an additional public meeting, claiming that 14 of the 16 questions answered by management were pre-arranged by the company.
Quick answers
When is Kakao's analyst meeting?
Kakao will hold an offline meeting with securities analysts on November 13 at 12:30 PM at the Kakao AI Campus.
When is Kakao's minority shareholder meeting?
Kakao will hold an offline meeting with minority shareholders on November 20 at 2 PM at the Bulls Hall of the Korea Financial Investment Association, sponsored by NH Investment & Securities.
Will the meetings be held online?
Both meetings will be held offline, with the shareholder meeting also available via conference call.