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SHINSEGAE FOOD to merge with Shinsegae SVN

Monday, 18 Aug 2014 03:23am EDT 

SHINSEGAE FOOD CO., LTD:To merge with Shinsegae SVN, which is engaged in the manufacturing of bread product, to improve operating efficency and create synergy.Merger ratio of 1 : 0.3699991 between the company and Shinsegae SVN.Says 443,998 new shares will be issued for the merger.Expected merger effective date of Dec. 1.The company will survive and Shinsegae SVN will be dissolved after the merger. 

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