Korea Technology to Absorb Daewoo Shipbuilding & Marine Engineering Construction through Merger
[Asia Economy Reporter Oh Su-yeon] Korea Technology announced on the 23rd that it will absorb and merge Daewoo Shipbuilding & Marine Engineering Construction through a small-scale merger.
The purpose of the merger is to enhance shareholder value by increasing management efficiency and strengthening business competitiveness.
The merger ratio is 1 to 7.7052752 for Korea Technology and Daewoo Shipbuilding & Marine Engineering Construction, respectively.
The surviving company after the merger will be Korea Technology, and the dissolved company will be Daewoo Shipbuilding & Marine Engineering Construction.
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The merger date is set for December 8.
This content was produced with the assistance of AI translation services.
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