March 2, 2017 / 8:37 AM / 5 months ago

BRIEF-GS Retail to merge with wholly owned unit Watsons Korea

1 Min Read

March 2 (Reuters) - GS Retail Co Ltd :

* Says it plans to merge with its wholly owned subsidiary Watsons Korea, to strengthen competitiveness of health & beauty business

* Merger ratio is 1:0 between the company and the subsidiary, the co will survive and the subsidiary will be dissolved after the merger

* Merger effective date is June 1

Source text in Korean: goo.gl/lgY1q6

Further company coverage: (Beijing Headline News)

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