Raon Whitehat, Raon S&C Absorption Merger

[Asia Economy Reporter Kang Nahum] RaonSecure announced on the 4th that its subsidiary RaonWhiteHat will absorb and merge RaonSNC.

The surviving entity is RaonWhiteHat, and the merger ratio is 5.0246394 to 1. The merger date is June 1, and the scheduled merger registration date is June 15.

RaonSecure explained the purpose of the merger as "strengthening business competitiveness and improving management efficiency."