[Edaily Reporter Shin Ha-yeon ] #S&K POLYTEC CO., LTD. announced on the 13th that it has decided to merge with its wholly-owned subsidiary, SUNJIN Co., Ltd., to improve management efficiency.
This merger will be conducted as a small-scale absorption merger without a capital increase, and the merger ratio is 1 to 0. The company explained that this will not result in any changes to the ownership structure, and the impact on its finances and operations, as reflected in the consolidated financial statements, is expected to be limited. The merger date is October 1, and the merger registration is scheduled for October 6.
This merger will be conducted as a small-scale absorption merger without a capital increase, and the merger ratio is 1 to 0. The company explained that this will not result in any changes to the ownership structure, and the impact on its finances and operations, as reflected in the consolidated financial statements, is expected to be limited. The merger date is October 1, and the merger registration is scheduled for October 6.
