Asia
Metalabs Subsidiary JK Medi to Merge Into Metacare; Shares Down 6%
Metalabs Co (KRX:090370) said that its wholly owned subsidiary JK Medi will merge with its unit Metacare in a small-scale merger, according to a Wednesday filing with the Korea Exchange.Shares of the apparel and retail company were down 6% in recent trade.The South Korean apparel and retail company said the merger is scheduled to be effective on Oct. 1 and that the transaction will not involve the issuance of new shares.
KRX:090370
