NICE Information & Telecommunication Consolidates Group Investment Functions Through Affiliate Merger

Bitget2026/10/23 07:31

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NICE Information & Telecommunication will acquire a 15.4% stake in NICE Property through a merger of three affiliates.
NICE Property will absorb NICE DWR and NICE Investment on December 1, 2026.
The group will receive 50,188 newly issued NICE Property shares, including shares allocated to subsidiary NICE Payments.
The disclosed acquisition amount is KRW 60.22 billion, reflecting the carrying value of shares surrendered in the merger.
The reorganization will consolidate group investment functions into one entity to improve strategic consistency and accelerate decision-making.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NICE Information & Telecommunication Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261023900752), on October 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NICE Information & Telecommunication Consolidates Group Investment Functions Through Affiliate Merger

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