SNT Motiv Board Approves Small-Scale Merger with SNT Robotics Unit

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SNT Motiv (KRX:064960) said its board agreed to a small-scale merger to absorb wholly owned subsidiary SNT Robotics, enhancing management efficiency and strengthening corporate competitiveness, according to a Tuesday filing with the Korean Exchange.

The South Korea-based manufacturing company said it will be the surviving entity and will not issue any new shares as part of the transaction.

The merger agreement is scheduled to be signed on Friday, with the merger set for Nov. 3 and registration expected on Nov. 6.

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