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The Korea Herald
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THE INVESTOR
April 26, 2024

Market Now

Maniker absorbs Sunghwa Food

  • PUBLISHED :March 23, 2017 - 16:46
  • UPDATED :March 23, 2017 - 19:57
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[DISCLOSURE] Maniker (027740) announced on March 23 that it has decided to merge with its subsidiary Sunghwa Food at 1:0 ratio. 

Through the merger, the company is seeking to secure competitiveness based on the synergy effect such as administration cost cut and management efficiency improvement, it said. 

By Hwang You-mee (theinvestor@heraldcorp.com)

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