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Press Release
A General Meeting of the Shareholders of SK IMT was held on the 21st of February at 10 a.m. and a merger with SK Telecom was approved.
After acquiring approval of the merger from the government, the merged corporation will be formally launched on April 1st, 2003.
On February 21st 2003 at 10 a.m., SK IMT President Young Soo Kang, held a General Shareholders’ Meeting on the 7th floor of the Seoul Finance Center and the shareholders approved the merger contract reached with SK Telecom on January 24th, 2003.
To this end, on December 20th, 2002 SK Telecom and SK IMT agreed that for every SK IMT share, 0.11276 shares of SK Telecom would be allocated. After acquiring the approval of the merger from the government, the merged corporation will be formally launched on April 1st, 2003.
In accordance with the approval for the merger, SK IMT will accept, and promptly respond, to shareholders stock purchase requests from February 21st to March 13th, 2003.
To this end, on December 20th, 2002 SK Telecom and SK IMT agreed that for every SK IMT share, 0.11276 shares of SK Telecom would be allocated. After acquiring the approval of the merger from the government, the merged corporation will be formally launched on April 1st, 2003.
In accordance with the approval for the merger, SK IMT will accept, and promptly respond, to shareholders stock purchase requests from February 21st to March 13th, 2003.