Board Approves Absorption Merger of Two Nanjing Sub-Subsidiaries Under Inventec Appliances
Original: 代子公司英華達股份有限公司公告董事會決議通過 英華達(南京)科技有限公司吸收合併英華達(南京) 電子有限公司
Summary
Inventec Appliances Corp. (英華達股份有限公司), a listed subsidiary of Inventec (2356), announced that its board of directors has resolved to merge Inventec Appliances (Nanjing) Electronics Co., Ltd. into Inventec Appliances (Nanjing) Technology Co., Ltd. via an absorption merger, with the Electronics entity to be dissolved upon completion. This is an internal group reorganization consolidating two wholly-owned PRC operating entities in Nanjing, which may streamline management and reduce administrative costs but does not alter Inventec's economic ownership of the underlying business. Full body available on MOPS.
Full Translation
Subject (translated): 'Announcement on behalf of subsidiary Inventec Appliances Corp. regarding board resolution approving the absorption merger of Inventec Appliances (Nanjing) Electronics Co., Ltd. into Inventec Appliances (Nanjing) Technology Co., Ltd.' — Inventec (TWSE: 2356) filed this material disclosure on behalf of its subsidiary Inventec Appliances Corp. The board of Inventec Appliances has resolved that its PRC sub-subsidiary Inventec Appliances (Nanjing) Technology Co., Ltd. will absorb (吸收合併) Inventec Appliances (Nanjing) Electronics Co., Ltd. In an absorption merger under PRC company law, the surviving entity (Technology) continues to exist and assumes all assets, liabilities, and obligations of the absorbed entity (Electronics), which is subsequently deregistered. Both entities are understood to be wholly-owned within the Inventec Appliances sub-group. [Body not available — subject line only. See MOPS for full announcement.]