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OSR Holdings Issues Update Regarding Term Sheet With Woori IO; Once Completed, WORIO Would Become Wholly Owned Subsidiary Of OSR Holdings

Author: Benzinga Newsdesk | July 30, 2025 04:40pm

The transaction, once completed, will result in WORIO becoming a wholly owned subsidiary of OSR Holdings Co., Ltd. ("OSRK"), a Korean affiliate of OSRH. As previously disclosed, WORIO shareholders will receive newly issued OSRK shares, along with a conditional right to exchange those shares for OSRH common stock if OSRH's share price reaches $10.00 or more within three years from the signing of the Term Sheet.


 

Posted In: OSRH


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