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CORRECTED-BRIEF-Changhae Ethanol to merge with subsidiary Jeolla Ethanol
December 27, 2016 / 5:58 AM / 9 months ago

CORRECTED-BRIEF-Changhae Ethanol to merge with subsidiary Jeolla Ethanol

(Corrects third bullet point to add dropped words “expected registered date is”)

Dec 27 (Reuters) - Changhae Ethanol Co Ltd :

* Says it will issue 746,764 shares to merge with subsidiary Jeolla Ethanol Co.,Ltd, to improve management efficiency

* Says merger ratio is 1:0.9956866 between the company and the subsidiary

* Merger effective date is Feb. 28, 2017 and expected registered date is March 6, 2017

Source text in Korean: goo.gl/R5sSpr

Further company coverage: (Beijing Headline News)

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