SEOUL, Sept 22 (Reuters) – South Korean tech company Kakao said its board had resolved to oppose a proposed US ADR listing of subsidiary Kakao Mobility based solely on shares held by private equity firm TPG, according to a regulatory filing on Tuesday. (Reporting by Kyu-seok Shim; Editing by Emelia Sithole-Matarise)
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South Korea’s Kakao opposes US ADR listing plan for Kakao Mobility
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SEOUL, Sept 22 (Reuters) – South Korean tech company Kakao said its board had resolved to oppose a proposed US ADR listing of subsidiary Kakao Mobility based solely on shares held by private equity firm TPG, according to a regulatory filing on Tuesday.
(Reporting by Kyu-seok Shim; Editing by Emelia Sithole-Matarise)