Zero-Issuance Merger of Subsidiary with 500M KRW Capital Deficit
- Sungho Electronics Corp. decided to absorb its wholly-owned subsidiary Amazing Holdings Corp. via a small-scale, zero-issuance merger (merger ratio 1:0)
- No new shares will be issued; no stock purchase rights granted to shareholders
- Amazing Holdings was established in 2025, with capital deficit of approx. 500M KRW (equity -499M KRW), zero revenue, and net loss of 500M KRW
- Purpose: enhance management efficiency and business synergy
- Merger date scheduled for July 3, 2026
- Opposition possible by shareholders holding 20% or more within 2 weeks of public notice
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KOSDAQ Filing Information
- Filing: [Addition of Attachment] Report on Material Facts (Decision on Corporate Merger)
- Company: Sungho Electronics (043260)
- Submission: Sungho Electronics Corp.
- Receipt: 04-29-2026
- Amended (Refer to related filing)