(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] Hyundai Department Store announced on the 19th that it will merge with its subsidiary Hyundai Shopping.

Hyundai Department Store owns 100% of Hyundai Shopping's issued shares, and Hyundai Shopping will be dissolved after the merger is completed.

There is no change in the shares and equity ratio of Hyundai Department Store's largest shareholder due to the 'capital increase merger' that does not issue new shares.

The merger date is September 1st and the scheduled registration date is September 2nd.

 

 

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