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Daesung Fine Tech Co Ltd to merge with KANGNAM CO.,LTD.

Wednesday, 9 Jul 2014 02:13am EDT 

Daesung Fine Tech Co Ltd:To merge with KANGNAM CO.,LTD. which is engaged in production and sale of solar water heater and room heater, to expand business.Merger ratio is 1:0.0954889 between the company and KANGNAM.152,782 new shares will be issued for this merger and expect to be listed on Oct. 6.Merger effective date is Sep. 16.After the merger, the company will survive and KANGNAM will be dissolved. 

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-15.0 -0.43%
29 Jan 2015