Daou Technology, Absorbs Space River Through Merger

[Asia Economy Reporter Oh Su-yeon] Dow Technology announced on the 24th that it will absorb and merge Space River.

The purpose of the merger is to improve management efficiency and strengthen business competitiveness. The company stated that through this merger, it expects to create a diverse revenue structure base through business diversification, generate synergy through efficient use of human and material resources, and secure financial stability, thereby increasing management efficiency.

The largest shareholder of the merged company Dow Technology is Dow Data, holding a 45.20% stake, and the largest shareholder of the absorbed company Space River is Dow Technology, holding 100% of the shares. The merging and absorbed companies will merge by an absorption ratio of 1:0, and no new shares will be issued by Dow Technology as a result of this merger. Upon completion of the merger, Dow Technology will continue to exist as is, and there will be no change in the largest shareholder.

The merger date is set for December 27.