CodeNature, HunusENG Absorption Merger

[Asia Economy Reporter Hwang Yoon-joo] CodeNature announced on the 29th that it will absorb and merge with Hunus ENG to diversify its business and improve profitability. The merger ratio is 1 to 0.

The company explained, "CodeNature owns 100% of the shares of the absorbed company, Hunus ENG Co., Ltd., and since the merged company will not issue new shares for the shares of the absorbed company upon merger, the merger ratio was calculated as 1:0."