Brief: HYUNDAI HCN to merge with five firms

Hyundai Futurenet Co

12/05/2016 09:55

May 12 (Reuters) - KHYUNDAI HCN CO., Ltd.  126560.KS  : 
     
    * Says it will merge with HCN SEOCHO, HCN Kyongbuk System 
Co.,Ltd, HCN DONGFAK Sysems Co., Ltd, HCN Busan Systems Co.,Ltd, 
Hyundai HCN Chungbuk System CO.,LTD 
    * Says merger ratio of 1 : 1.5698134 : 0.7552656 : 0.9337393 
: 8.3857491 : 1.5089669 between company and the five firms 
    * 4,981,054 new shares will be issued for the merger 
    * Expects merger effective date of Dec. 30 and registered 
date of Dec. 30 
    * Company will survive and the five target firms will be 
dissolved after the merger 
     
     
    Source text in Korean: http://goo.gl/fem1IW 
    Further company coverage: 126560.KS  
 
 (Beijing Headline News) 
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Keywords: HYUNDAI HCN/BRIEF