Hwaseung Corporation Decides to Absorb Subsidiary Through Merger

[Asia Economy Reporter Minji Lee] Hwasung Corporation announced on the 28th that it has decided to absorb and merge its subsidiary Hwasung TNC&I. The merger ratio is 1 to 0, and the merger date is September 1.

The company stated, "The purpose of the merger is to maximize corporate value through management efficiency by effectively utilizing human and material resources, strengthening business competitiveness, and creating synergy."