Wemade Play Subsidiary 'Playlings' Decides to Absorb Flysher Through Merger

[Asia Economy Reporter Kwon Jae-hee] Wemade Play announced on the 27th that its subsidiary Playlings has decided to absorb and merge Flysher. The merger ratio is 1 to 1.6134164. The merger date is set for July 1.

The company explained, "There are no specific laws or regulations separately established for the evaluation method to determine the merger ratio between unlisted corporations, so the merger ratio was calculated based on the Inheritance and Gift Tax Act and determined through consultation between the merging companies."

Additionally, Wemade Play stated that this absorption merger has caused a dissolution reason for the invested corporation in Flysher.