Completion of Small-Scale Merger with 100% Subsidiary K-Brands (No Share Issuance, Total Assets 865.6 Billion KRW)
Moda-InnoChips completed absorption of its 100% subsidiary K-Brands via small-scale merger (effective April 29, 2026). No new shares issued, merger ratio 1:0, no change in major shareholder stakes.
Post-merger total assets of Moda-InnoChips: 865,638 million KRW (increase of 24,625 million), total liabilities 498,314 million, total equity 367,324 million.
No creditor objections, no litigation related to merger, no appraisal rights exercised.