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Sung Jin Geotec Co Ltd to Merge with POSCO PLANTEC

Friday, 5 Apr 2013 04:29am EDT 

Sung Jin Geotec Co Ltd announced that it has signed a statutory merger agreement with POSCO PLANTEC, a Korea-based company mainly engaged in the steel facilities, distribution facilities and optical business, to improve corporation and shareholders' value. The merger ratio of Sung Jin Geotec Co Ltd and POSCO PLANTEC is 1 : 3.7673624 and 10,171,878 common shares will be issued with the merger. The merger effective date is July 1, 2013. After the merger, Sung Jin Geotec Co Ltd will survive and POSCO PLANTEC will be dissolved. 

Company Quote

130.0 +4.61%
19 Dec 2014