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I&C TECHNOLOGY CO LTD to Merge with XRONet Corporation

Thursday, 4 Apr 2013 02:00am EDT 

I&C TECHNOLOGY CO LTD announced that it has signed a statutory merger agreement with XRONet Corporation, a Korea-based company mainly engaged in the wireless fidelity system-on-a-chip business, to create synergy and maximize shareholders' value. The merger ratio of I&C TECHNOLOGY and XRONet Corporation is 1 : 0.1549269. The merger effective date is May 29, 2013. After the merger, I&C TECHNOLOGY will survive and XRONet Corporation will be dissolved. 

Company Quote

29 Jan 2015