Ottogi Absorbs Ottogi Ramyeon Holding and Logistics Service Holding Through Merger
[Asia Economy Reporter Yoo Byung-don] Ottogi announced on the 18th that it will absorb and merge its affiliates Ottogi Ramyeon Holdings and Ottogi Logistics Services Holdings.
The merger will be a small-scale merger, with Ottogi remaining as the surviving company.
The company stated, "Through the merger, we aim to simplify and make the governance structure more transparent, enhance corporate competitiveness, and promote management rationalization to increase corporate value."
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The merger contract date is August 1.
This content was produced with the assistance of AI translation services.
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