Gabia employees have issued the first large-scale collective statement in the 27-year history of the non-unionized South Korean cloud and internet infrastructure company, backing its current management as Macquarie Asset Management pursues a takeover and voluntary delisting. A total of 334 employees, or 81.3% of Gabia’s 411 staff excluding registered directors, signed the declaration voluntarily. They said IT infrastructure businesses require long-term research and development, uninterrupted investment and stable client relationships, and warned that activist funds and overseas investors appeared more focused on monetizing existing assets than growing the company. Employees said they could pursue further lawful collective action, including forming a labor union. Macquarie agreed through DCK Investment to acquire a 24.4% stake held by Gabia’s largest shareholders, including co-CEO Kim Hong-guk, and is offering general shareholders ₩48,000, or about $35, per share. If successful, it plans to make Gabia a wholly owned subsidiary and pursue voluntary delisting. Align Partners Asset Management and Miri Capital have challenged the tender offer price and information disclosure, while Align has requested an extraordinary shareholders’ meeting and called for greater board independence. Gabia has established a special committee with external legal and financial advisers to review the transaction’s purpose, terms and procedures.