Brief: Changhae Ethanol to merge with subsidiary Jeolla Ethanol

Changhae Ethanol Co

27/12/2016 05:54

Dec 27 (Reuters) - Changhae Ethanol Co Ltd  004650.KQ  : 
 
    * Says it will issue 746,764 shares to merge with subsidiary 
Jeolla Ethanol Co.,Ltd, to improve management efficiency  
    * Says merger ratio is 1:0.9956866 between the company and 
the subsidiary  
    * Merger effective date is Feb. 28, 2017 and March 6, 2017 
     
     
    Source text in Korean: https://goo.gl/R5sSpr 
    Further company coverage:  004650.KQ  
 
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