iWin to Absorb Subsidiary iWin Auto in Merger
Bitget2026/10/26 09:52- iWin will absorb its 52.85%-owned automotive-parts subsidiary iWin Auto, with the merger scheduled to take effect on Dec. 31, 2026.
- Each eligible subsidiary share will receive 1.2937468 parent shares, with 192,252 new common shares to be issued.
- Merger valuations are KRW 11,898 per parent share and KRW 15,393 per subsidiary share.
- The new shares are scheduled to begin trading on Jan. 17, 2027.
- The combination aims to reduce management costs while strengthening automotive electronics manufacturing through the subsidiary’s production expertise.
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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