NewOn Absorbs Subsidiary Sallim Baekseo Through Merger
On the 3rd, NewOn announced that it will absorb and merge its wholly owned subsidiary, Sallim Baekseo.
Sallim Baekseo is a company that manufactures toothpaste, soap, and other detergents and hygiene products.
The merger ratio between NewOn and Sallim Baekseo is 1 to 0.
No new shares will be issued upon the merger. There will be no change in the ownership shares or stake ratio of NewOn's largest shareholder after the merger.
The merger agreement date is the 4th of this month, and the merger date is September 6.
Hot Picks Today
!["Why Securities Analysts Expect the KOSPI to Hit 9,500 Next Week [Weekend Money]"](https://cwcontent.asiae.co.kr/asiaresize/93/2026062409233021342_1782260609.jpg)
"Why Securities Analysts Expect the KOSPI to Hit 9,500 Next Week [Weekend Money]"
- Even Record Earnings from Samsung and SK Hynix Can't Strengthen the Won... How High Will the Soaring Exchange Rate Go? [Weekend Money]
- Delisted for Outperforming Expectations? What Happened to These "High-Flying" ETFs [Weekend Money]
- NPS Moves the KOSPI: How Much Will It Need to Sell If the Index Surpasses 9,000? [Weekend Money]
- Two Typhoons Make Landfall Simultaneously, Earthquake Risk Looms... Record 250mm Per Hour Downpour Hits Japan
NewOn expects that this absorption merger will strengthen Sallim Baekseo's business capabilities by leveraging external recognition and business networks.
© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.
