APS Holdings Decides to Absorb Subsidiary APS AMD Through Merger

[Asia Economy Reporter Minji Lee] APS Holdings announced on the 11th that it will absorb and merge its subsidiary APS AMD. The surviving company after the merger will be APS Holdings. The company explained, "We will increase management efficiency through the merger," and added, "Since the merging company will not issue new shares for the shares of the merged company, the merger ratio was calculated as 1 to 0."