Synopex Completes Zero-Capital Merger of Subsidiary Synopex Membrane, No New Shares Issued
Merger completion report: Synopex Inc. has completed the absorption merger of its wholly-owned subsidiary Synopex Membrane Inc., a zero-capital increase merger with no new shares issued.
Appraisal rights not granted: As a small-scale merger, no appraisal rights; 1,048 shareholders representing 2,022,894 shares or 2.19% of total outstanding shares opposed the merger.
No creditor objections: Creditor protection procedures completed with no objections filed.
Financial impact: Post-merger total assets of 238.8 billion KRW, total liabilities of 60.3 billion KRW, total equity of 178.5 billion KRW, no change in capital stock.
[AI Summary]Synopex's completion of the subsidiary merger simplifies corporate structure without any share dilution, preserving existing shareholder value. Short-term financial impact is limited but operational efficiencies are expected.