P&ESolution Decides to Absorb and Merge with P&Einnotec
[Asia Economy Reporter Kum Boryeong] P&ESolution announced on the 5th that it has decided to absorb and merge P&E Innotek.
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The merger ratio is common stock 1 (P&ESolution) to 0. P&ESolution explained, "The surviving company, P&ESolution, owns 100% of the shares of the dissolving company, P&E Innotek, and since the surviving company will not issue new shares for the shares of the dissolving company in this merger, the merger ratio was calculated as 1 to 0."
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