January 17, 2018 / 8:09 AM / a month ago

BRIEF-CJ unit CJ O Shopping to merge with unit CJ E&M

Jan 17 (Reuters) - CJ Corp :

* Says its unit CJ O Shopping Co., Ltd plans to merge with unit CJ E&M Corporation, a music TV& film firm

* CJ O Shopping Co., Ltd will survive and CJ E&M Corporation will be dissolved after merger

* Merger ratio is 1:0.4104397 between CJ O Shopping Co., Ltd and CJ E&M Corporation

* Expected merger effective date is Aug. 1

Source text in Korean: goo.gl/Nus3tH

Further company coverage: (Beijing Headline News)

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