It seems that Jeju Air will finally take the steps to destroy M&A with Eastar Air.
Jeju Air issued the admission data on the 16th and said, "Until midnight on the 15th (the deadline), ESTA Holdings was unable to complete the pre-requisites for the stock trading agreement so that it could be canceled."
"Yesterday (15th) ISTA Holdings received a letter regarding the execution of the contract," Jeju Air said.
Accordingly, Jeju Air's position is that the contract cancellation requirements have been met.
Jeju Air added, "However, considering the fact that the government's mediation efforts are in progress, we have decided to finalize the decision to cancel the contract and when to notify."
(Photo = Yonhap News)
Jeju Air "Meet the requirement to cancel the ISTA contract…final decision later"
2020-07-16T00:50:52.308Z
It seems that Jeju Air will finally take the steps of destroying mergers and acquisitions with Eastar Airlines. Jeju Air released the admission data on the 16th and said, "Until midnight on the 15th, Estar Holdings was able to cancel the contract because it could not complete the prerequisites for the stock trading agreement."
Source: sbskr