Brief: GS Retail to merge with wholly owned unit Watsons Korea

GS Retail

02/03/2017 08:36

March 2 (Reuters) - GS Retail Co Ltd  007070.KS  : 
     
    * Says it plans to merge with its wholly owned subsidiary 
Watsons Korea, to strengthen competitiveness of health & beauty 
business  
    * Merger ratio is 1:0 between the company and the 
subsidiary, the co will survive and the subsidiary will be 
dissolved after the merger  
    * Merger effective date is June 1 
     
    Source text in Korean: https://goo.gl/lgY1q6 
    Further company coverage:  007070.KS  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +86 010 62674724; 
Reuters Messaging: hedy.cui.reuters.com@reuters.net))