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Young Heung Iron & Steel Co Ltd to Merge with SEHWA EXPRESS CO., Ltd

Monday, 26 Aug 2013 02:57am EDT 

Young Heung Iron & Steel Co Ltd announced that it has decided to merge with SEHWA EXPRESS CO., Ltd, which is engaged in the stevedoring, freight, distribution and forwarding, to boost management efficency and create synergy, effective November 18, 2013. The exchange ratio of Solvit Telecom and Sechung Chemical is 1 : 739.0654167 and 22,171,962 common shares will be issued for the merger. After the merger, the Company will survive and SEHWA EXPRESS CO., Ltd will be dissolved. 

Company Quote

100.0 +3.80%
31 Jul 2014