[DISCLOSURE]
Shinsung Solar Energy (011930) announced on Sept. 28 that it will merge with its affiliates
Shinsung ENG (104110) and
Shinsung FA (104120) at the ratio of 1: 1.9369683 and 1:1.9733179, respectively.
The merger will improve financial structure, diversify businesses and promote efficiency. The company will nurture solar energy business for private consumption as its new growth momentum, it added.
By Hwang You-mee (
glamazon@heraldcorp.com)
