Hanssem, Hanssem Domus and Instelier Absorption Merger

[Asia Economy Reporter Oh Su-yeon] Hanssem announced on the 8th that it will absorb and merge Hanssem Domus and Instelier on the 8th.

The merger type is a small-scale merger, absorbing and merging Hanssem Domus and Instelier, which are 100% subsidiaries. The purpose of the merger is to strengthen corporate competitiveness by increasing management efficiency.

The merger ratio between Hanssem, Instelier, and Hanssem Domus is 1 to 0, respectively.

The merger agreement will be signed on the 15th, and the merger date is March 31 of next year.

The company stated, "Through the merger, we expect to reduce unnecessary costs and efficiently combine human and material resources to increase management efficiency, which is expected to have a positive impact on improving the company's performance and financial structure."