[Alpha Biz=(Chicago) Reporter Paul Lee] DOUZONE BIZON, Korea's leading digital transformation (DX) company, will merge with DOUZONE Holdings, the largest shareholder, to unify its governance structure to improve its financial structure and enhance corporate value.

DOUZONE BIZON held a board meeting on the 23rd and decided to merge with DOUZONE Holdings, the largest shareholder.

The merger will be carried out in a way that DOUZONE BIZON remains a surviving company and DOUZONE Holdings disappears. As a result, 834.0507896 DOUZONE BIZON ordinary shares per share of DOUZONE Holdings will be allocated.

The company is scheduled to hold a shareholders' meeting on Dec. 20 to approve the merger, with the merger due on Feb. 29 next year.

In fact, once the merger process is completed, various costs such as payment fees (loyalty) that have been paid to DOUZONE Holdings are expected to be reduced.

As DOUZONE BIZON's profit and loss structure improves, profitability and cash flow are expected to improve.

 

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