Caelum (KOSDAQ:A258610) has merged with its wholly-owned subsidiary, Hana ITM, in a small-scale consolidation, according to its bourse filing on Tuesday.
As Callum already owned 100% of Hana ITM's stock, the merger was structured without issuing new shares.
All assets and liabilities of Hana ITM will be transferred to the surviving company, Callum, upon its dissolution.
The internal restructuring aims to improve managerial efficiency and decision-making.
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