ACT Decides to Absorb and Merge with NatureAct

[Asia Economy Reporter Geum Boryeong] ACT announced on the 8th that it will merge Nature Act through an absorption merger.

ACT explained the purpose of the merger as "to enhance corporate value and shareholder value by increasing management efficiency and strengthening business competitiveness through the merger."

The merger ratio is 1 to 0. ACT holds 100% of the shares of Nature Act. Upon completion of the merger, ACT will remain as the surviving company, and Nature Act will be dissolved after the merger.