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 Is the Amount in My Account So Low?"... Why Pension Savings Subscribers Were Surprised
- "After Sleeping Well with Strangers"... Who Is the 24-Year-Old Woman Who Won 19 Million Won?
- "SK hynix to Hit 4.7 Million Won, Samsung 670,000 Won"... Why Nomura's Bold Forecast justifies it
- "Even Underwear Has to Be Cut Up with Scissors"... China Hit by Rise of "Trash Hunters" in an "If You're Slow, You're Out" Scramble
- "NPS loses 240 trillion won, 1990s-born get zero pension"... What's behind rumors spreading after the KOSPI plunge?
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.
