Each of KCC Silicone Corporation (“KCCS”) and Momentive Performance Materials Korea Co., Ltd. (“MPMK”) determined, in accordance with the special resolutions passed at the Extraordinary General Meeting of Shareholders of KCCS and the Extraordinary General Meeting of Shareholders of MPMK, each held on November 28, 2024, that (i) MPMK shall merge with and into KCCS (such transaction, the “Merger”), (ii) KCCS will not issue any shares to the shareholder(s) of MPMK in connection with the Merger, (iii) subsequent to the Merger, KCCS shall assume all of MPMK’s assets, liabilities, rights and obligations, and (iv) thereafter MPMK shall be dissolved.
Creditors of KCCS and MPMK are hereby notified to file any objection to the Merger with the principal offices of KCCS or MPMK, as applicable, within one (1) month from the following date of this notification.
Shareholders or pledge holders of MPMK are hereby notified to submit all of the stock certificates representing shares of capital stock of MPMK to the principal office of MPMK within one (1) month from the following date of this notification.
Date: November 29, 2024
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KCC Silicone Corporation
- 344, Sapyeong-daero, Seocho-gu, Seoul
- Representative Director: Younggeun Song
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Momentive Performance Materials Korea Co., Ltd.
- 42, Samsung 1-ro 3-gil, Hwaseong-si, Gyeonggi-do
- Representative Director: Inhee Han