Notice of Completion of Merger Report (TOPASIC Co., Ltd.)
ASICLAND Co., Ltd. (hereinafter referred to as "our company") has completed the necessary legal procedures for the absorption merger with TOPASIC Co., Ltd. (hereinafter referred to as "TOPASIC"). Pursuant to Article 526, Paragraph 1 and Paragraph 3 of the Commercial Act, the board of directors has resolved to substitute the merger report shareholders' meeting with a public announcement, as follows:
• Details -
1. Merger Details a. Merging Companies
a. Surviving Company: ASICLAND Co., Ltd. - Dissolving Company: TOPASIC Co., Ltd.
b. Merger Method: ASICLAND Co., Ltd. will absorb TOPASIC Co., Ltd., with ASICLAND Co., Ltd. continuing to exist and TOPASIC Co., Ltd. being dissolved.
c. Merger Ratio: ASICLAND Co., Ltd. : TOPASIC Co., Ltd. = 1 : 0
d. New Shares Issued and Capital Increase Due to Merger: This merger is a no-capital-increase merger, so there will be no new shares issued or capital increase.
e. Merger Date: February 29, 2024
2. Merger Progress
a. Merger Board Resolution: December 27, 2023
b. Merger Agreement Signed: January 2, 2024
c. Period for Notification of Opposition by Opposing Shareholders: January 11, 2024 ~ January 25, 2024
d. Board Resolution Substituting for Shareholders' Meeting for Merger Approval: January 27, 2024
e. Creditor Objection Period: January 27, 2024 ~ February 28, 2024
f. Board Resolution and Announcement of Completion of Merger Report: February 29, 2024
3. Matters Related to Creditor Protection: No objections were submitted by creditors, and there are no decided matters regarding repayment or provision of security for the relevant claims.
4. Matters Related to Appraisal Rights: Not applicable.
February 29, 2024
ASICLAND Co., Ltd.
60 Daehak-ro, 309 Rich Plaza 3, Iui-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do
CEO Jong-Min Lee
Notice of Completion of Merger Report (TOPASIC Co., Ltd.)
ASICLAND Co., Ltd. (hereinafter referred to as "our company") has completed the necessary legal procedures for the absorption merger with TOPASIC Co., Ltd. (hereinafter referred to as "TOPASIC"). Pursuant to Article 526, Paragraph 1 and Paragraph 3 of the Commercial Act, the board of directors has resolved to substitute the merger report shareholders' meeting with a public announcement, as follows:
• Details -
1. Merger Details a. Merging Companies
a. Surviving Company: ASICLAND Co., Ltd. - Dissolving Company: TOPASIC Co., Ltd.
b. Merger Method: ASICLAND Co., Ltd. will absorb TOPASIC Co., Ltd., with ASICLAND Co., Ltd. continuing to exist and TOPASIC Co., Ltd. being dissolved.
c. Merger Ratio: ASICLAND Co., Ltd. : TOPASIC Co., Ltd. = 1 : 0
d. New Shares Issued and Capital Increase Due to Merger: This merger is a no-capital-increase merger, so there will be no new shares issued or capital increase.
e. Merger Date: February 29, 2024
2. Merger Progress
a. Merger Board Resolution: December 27, 2023
b. Merger Agreement Signed: January 2, 2024
c. Period for Notification of Opposition by Opposing Shareholders: January 11, 2024 ~ January 25, 2024
d. Board Resolution Substituting for Shareholders' Meeting for Merger Approval: January 27, 2024
e. Creditor Objection Period: January 27, 2024 ~ February 28, 2024
f. Board Resolution and Announcement of Completion of Merger Report: February 29, 2024
3. Matters Related to Creditor Protection: No objections were submitted by creditors, and there are no decided matters regarding repayment or provision of security for the relevant claims.
4. Matters Related to Appraisal Rights: Not applicable.
February 29, 2024
ASICLAND Co., Ltd.
60 Daehak-ro, 309 Rich Plaza 3, Iui-dong, Yeongtong-gu, Suwon-si, Gyeonggi-do
CEO Jong-Min Lee