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BRIEF-Pyeong Hwa Automotive to merge with PHA Electric & Electronics
October 20, 2017 / 8:56 AM / a month ago

BRIEF-Pyeong Hwa Automotive to merge with PHA Electric & Electronics

Oct 20 (Reuters) - Pyeong Hwa Automotive Co Ltd :

* Says it plans to merge with wholly owned subsidiary PHA Electric & Electronics, an automobile components maker, with merger ratio of 1:0 between the two companies

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

* Expected merger effective date is Dec. 29

Source text in Korean: goo.gl/sqUAKS

Further company coverage: (Beijing Headline News)

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