KT Corporation Announces Merger with KT NexR

KT (KT) has released an update.

KT Corporation has announced its plan to absorb the non-listed entity KT NexR in a small-scale merger aimed at enhancing operational efficiency. The merger, scheduled for completion on December 26, 2024, will result in KT Corporation as the surviving entity without changing the ownership percentages of its major shareholders, as no new shares will be issued. Shareholders of KT Corporation will not have appraisal rights following the merger.

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