Decision on Small-Scale Merger without Issuance - Absorption of Wholly-Owned Subsidiary Octo I&C
- GGUMBI Inc. decided to absorb its wholly-owned subsidiary Octo I&C via a no-issuance merger (ratio 1:0)
- No new shares issued; no change in capital, total shares outstanding, or major shareholder
- Small-scale merger approved by board instead of shareholders' meeting; no appraisal rights granted
- Merger contract may be terminated if shareholders with over 20% of outstanding shares object
- Octo I&C (FY2025): assets 4.7B KRW, sales 8.4B KRW, net profit 0.5B KRW
- Intercompany transactions: sales/purchases of 2.4B/2.9B KRW, receivables 1.6B KRW, payables 0.8B KRW, loan 0.4B KRW (interest 7%)
- Merger date scheduled for August 1, 2026
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KOSDAQ Filing Information
- Filing: Report on Major Events [Decision on Company Merger]
- Company: GGUMBI (407400)
- Submission: GGUMBI Inc.
- Receipt: 05-18-2026