Wemade Connect Absorbs Wemade IF Through Merger

[Asia Economy Reporter Lee Jung-yoon] Wemade Max announced on the 29th that its subsidiary Wemade Connect will absorb and merge with Wemade IF.

The merger ratio is 1 to 0, and the purpose of the merger is to enhance corporate value and shareholder value through increased management efficiency.

The company stated, "The surviving company, Wemade Connect, owns 100% of the shares of the dissolving company, Wemade IF, and since no new shares will be issued for the shares of the dissolving company upon merger, the merger ratio was calculated as 1 to 0."