Naurobot Decides to Absorb Hanyang Robotics (Small-Scale Merger, No New Shares)
- Naurobot (KOSDAQ-listed) decides to absorb its subsidiary Hanyang Robotics (unlisted). Merger ratio 1:0, no new shares issued.
- Prior to merger, Naurobot holds 98.92% of Hanyang. No change in control post-merger.
- Hanyang Robotics: negative equity of -10.2B KRW, operating loss of 4.8B KRW, net income of 7.9B KRW (likely one-off) in 2025. High debt.
- Pending lawsuit against Hanyang for 1.1B KRW (first instance ruled for Hanyang, under appeal).
- Merger is small-scale under Korean Commercial Act (Art. 527-3), approved by board instead of shareholders. No appraisal rights.
- If opposing shareholders hold >20% of shares, the merger may convert to general merger or be terminated.
- Purpose: synergy and efficiency through integration of resources.
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KOSDAQ Filing Information
- Filing: [Correction of Description] Report On Major Matters (Decision On Company Merger)
- Company: NAUROBOTICS (459510)
- Submission: NAUROBOTICS Co., Ltd.
- Receipt: 04-30-2026