[Featured Stock] Visang Education Surges Over 10% on Subsidiary Merger News
![[Featured Stock] Visang Education Surges Over 10% on Subsidiary Merger News](http://www.asiae.co.kr/news/img_view.htm?img=2020042909361112532_1588120572.jpg)
[Asia Economy Reporter Eunmo Koo] Visang Education is showing a surge of over 10% in the early trading session. The news of the subsidiary merger appears to be influencing this trend.
As of 9:29 AM on the 29th, Visang Education was trading at 8,500 KRW, up 14.25% (1,060 KRW) from the previous trading day.
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Earlier, Visang Education announced on the 28th through a public disclosure that it would absorb its subsidiary T-School ENC. The merger ratio is 1 to 0 between Visang Education and T-School ENC. The company explained the purpose of the merger as follows: "Through the absorption merger of a wholly-owned subsidiary, we aim to respond swiftly to the rapidly changing business environment, maximize synergy effects by complementing the core competencies of both companies, strengthen business competitiveness, improve management efficiency, and increase shareholder value."
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