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CJ CGV Co., Ltd. to Merge with PRIMUS CINEMA Inc.

Monday, 8 Apr 2013 03:47am EDT 

CJ CGV Co., Ltd. announced that it has signed a statutory merger agreement with PRIMUS CINEMA Inc., a Korea-based company mainly engaged in the cinema operations, to improve profits and efficiency. The merger ratio of CJ CGV and PRIMUS CINEMA is 1 : 0.6296806 and 543,855 common shares will be issued with the merger. The merger effective date is June 21, 2013. After the merger, CJ CGV will survive and PRIMUS CINEMA will be dissolved. 

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-700.0 -1.33%
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