Hanwha Hotels & Resorts Decides to Absorb Hanwha Estate Through Merger
[Asia Economy Reporter Yuri Kim] Hanwha Hotels & Resorts announced on the 11th that it has decided to merge with Hanwha Estate.
Hanwha Hotels & Resorts will absorb Hanwha Estate through a merger. Hanwha Estate will be dissolved by the merger, and Hanwha Hotels & Resorts will continue to exist. The merger ratio between Hanwha Hotels & Resorts and Hanwha Estate is 1 to 0.1963881.
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The company explained that the merger was decided to improve management efficiency and strengthen business competitiveness. The merger date is July 1.
This content was produced with the assistance of AI translation services.
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