December 27, 2016 / 10:25 AM / 7 months ago

BRIEF-Hyosung to merge with its wholly owned subsidiary Doomi Construction

1 Min Read

Dec 27 (Reuters) - Hyosung Corp :

* Says it will merge with its wholly owned subsidiary Doomi Construction Co.Ltd, which is engaged in Golf Course operation business, to improve management efficiency and synergy effect

* Says merger ratio is 1:0 between the company and the subsidiary

* Says the company will survive and the subsidiary will be dissolved after the merger

* Merger effective date is April 1, 2017 and expected registered date is April 4, 2017

Source text in Korean: goo.gl/te9KOh

Further company coverage: (Beijing Headline News)

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