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NEOWIZ Games Corp. to Merge with Neowiz Internet Corporation

Friday, 12 Oct 2012 02:57am EDT 

NEOWIZ Games Corp. announced that it has signed a statutory merger agreement with Neowiz Internet Corporation, a Korea-based company engaged in the provision of online music services and distribution of digital music, to create synergy. The merger ratio of NEOWIZ Games and Neowiz Internet is 1 : 0.5842697 and 7,491,285 common shares will be issued with the merger. The merger effective date is January 1, 2013. After the merger, NEOWIZ Games will survive and Neowiz Internet will be dissolved. 

Company Quote

-100.0 -0.48%
12:23am EDT