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Provider: Wright Reports

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DAEHO P&C CO., LTD to Merge with DongBang Special Steel Co., Ltd.

Thursday, 6 Sep 2012 04:45am EDT 

DAEHO P&C CO., LTD announced that it has signed a statutory merger agreement with DongBang Special Steel Co., Ltd., a Korea-based company mainly engaged in manufacturing and sale of steel products, to improve operating efficiency and maximize shareholders' value. The merger ratio of DAEHO P&C and DongBang Special Steel is 1 : 2.4657833 and 21,833,226 common shares will be issued with the merger. The merger effective date is November 30, 2012. After the merger, DAEHO P&C will survive and DongBang Special Steel will be dissolved. 

Company Quote

-20.0 -1.79%
30 Jul 2014