Dec 16 (Reuters) - Kumiai Chemical Industry 4996.T :
* Says it will merge with Ihara Chemical Industry 4989.T
via stock swap on May 1, 2017
* Says one share of Ihara Chemical Industry will swap 1.57
share of it
* Says Ihara Chemical Industry will dissolve and delist
after merger
Source text in Japanese: https://goo.gl/tMxtpG
Further company coverage: 4996.T and 4989.T
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