Amorepacific, "Strengthening Derma Copimetic Competitiveness"... Absorbs Estra Merger

[Asia Economy Reporter Ji Yeon-jin] Amorepacific announced on the 21st that it has decided to absorb and merge Estra.

The merger method is to deliver 413,814 shares of Amorepacific's treasury stock at a ratio of 0.1962185 shares of Amorepacific common stock per one common share of Estra owned by Estra's shareholders, and to allocate 0.1962185 shares of Amorepacific preferred stock per one preferred share of Estra owned by Estra's shareholders.

However, instead of 0.1962185 shares of Amorepacific preferred stock, 19,634 KRW will be paid, and as of the merger date, a total of 4,319,480,000 KRW will be paid to Estra's preferred shareholders.

The company explained, "Through the merger, the merged corporation aims to strengthen competitiveness in the derma business and health functional food business in preparation for the recently growing derma cosmetic market."

This content was produced with the assistance of AI translation services.