EM SYSTEMS announced that it will carry out a simplified merger and short-form merger to absorb a wholly owned subsidiary. Details of the subsequent procedures are expected to be provided in the timely disclosure materials.
EM SYSTEMS disclosed its policy of absorbing a wholly owned subsidiary through an absorption-type merger. The entity involved is a wholly owned subsidiary of the company, and this will advance the group’s internal reorganisation.
The announcement specified that the merger will take the form of a simplified merger and short-form merger. Details of the procedures and schedule are expected to be disclosed at a later date, with further information anticipated in subsequent disclosures.