Prostemix Absorbs OTKCNT in a Merger

[Asia Economy Reporter Minji Lee] Prostemics announced on the 10th that it will merge with OTKCNT through an absorption-type merger.

The merger is a small-scale merger, and the surviving company, Prostemics, will not issue new shares. There will be no change in the largest shareholder of the surviving company after the merger is completed. The purpose of the merger is to improve management efficiency through the effective utilization of human and material resources.

The company explained, "It will have a positive impact on operations by expanding market share and creating synergy."