KRX:017960

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Hankuk Carbon to Merge with Wholly-Owned Subsidiary

Hankuk Carbon (KRX:017960) has agreed to merge with its wholly-owned subsidiary, Hankuk Global Solution, in a small-scale merger that will not involve the issuance of new shares.The merger is aimed at improving operational efficiency, with Hankuk Carbon remaining as the surviving entity, according to a bourse filing on Friday.As a small-scale merger under the Commercial Act, shareholder appraisal rights will not be granted, and the merger will be approved by the board rather than a general shareholders' meeting.The merger ratio is set at 1.0000000:0.0000000, and the subsidiary is expected to be dissolved on Nov. 2.

KRX:017960

Asia3h ago

Hankuk Carbon to Merge Unit in Small-Scale Merger

Hankuk Carbon (KRX:017960) said it will merge with its wholly owned subsidiary HC Networks in a small-scale merger, improving management efficiency and enhancing corporate value.Following the completion, Hankuk Carbon will remain the surviving company, while HC Networks will be dissolved, according to a Friday filing with the Korea Exchange.The merger contract is scheduled to be signed on Aug. 18, with completion planned for Nov. 2 and registration scheduled on Nov. 9.

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