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SM Culture & Contents Co., Ltd. to Merge with Korea-based Company

Wednesday, 13 Mar 2013 11:01pm EDT 

SM Culture & Contents Co., Ltd. announced that it has signed a statutory merger agreement with a Korea-based company mainly engaged in the program producing business, to improve operating efficiency and maximize synergy. The merger ratio of SM Culture & Contents and the Korea-based company is 1 : 5.2433197 and 534,817 common shares will be issued with the merger. The merger effective date is May 21, 2013. After the merger, SM Culture & Contents will survive and the Korea-based company will be dissolved. 

Latest Developments for SM Culture & Contents Co Ltd

Company Quote

-30.0 -0.95%
21 Nov 2014