AJ Networks, AJ Capital Partners Absorb and Merge All-Rental Division

[Asia Economy Reporter Oh Hyung-gil] AJ Networks announced on the 25th that it will absorb and merge the business divisions holding assets related to Modurenal of AJ Capital Partners, which is undergoing a spin-off.

AJ Networks holds 100% of the shares of AJ Capital Partners, and the merger ratio is 1 to 0, meaning it is a no-capital increase merger without issuing new shares. The merger date is set for March 31.

The company stated the purpose of the merger as "to promote management rationalization as part of a long-term growth strategy and to contribute to increasing corporate value."