[Asia Economy Reporter Oh Ju-yeon] Cowell Fashion announced on the 24th that it will absorb and merge CFA and CF Creative, both of which it owns 100% of the shares. The company explained, "Through the merger, we aim to enhance corporate value and shareholder value by increasing management efficiency and strengthening business competitiveness."



It added, "Upon completion of the merger, Cowell Fashion Co., Ltd. will remain as the surviving company, and the merged companies CF Creative Co., Ltd. and CFA Co., Ltd. will be dissolved after the merger."


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