TSE Absorbs InnoGlobal Through Merger

[Asia Economy Reporter Lee Jung-yoon] TS announced on the 20th that it will absorb and merge its subsidiary Inno Global.

This absorption merger is a small-scale merger, with TS remaining as the surviving company and the merged company Inno Global ceasing to exist after the merger. The merger ratio is 1 to 0, no new shares were issued due to the merger, and there is no change in the largest shareholder.