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Kyungin Synthetic Corporation to Merge with EASTWELL

Friday, 2 Nov 2012 03:13am EDT 

Kyungin Synthetic Corporation announced that it has signed a statutory merger agreement with EASTWELL, a Korea-based manufacturer of functional pigment and inkjet ink dye, to reduce the cost and uplift corporate value through improvement of the competitiveness. The exchange ratio of Kyungin Synthetic Corporation and EASTWELL is 1:19.5761468 and 3,106,597 common shares will be issued with the merger. The merger effective date is January 15, 2013. After the transaction, Kyungin Synthetic Corporation will survive and EASTWELL will be dissolved. 

Company Quote

500.0 +7.94%
30 Jul 2014