Disclosure
IAI summary · Not investment advice
IL decided to absorb its wholly owned subsidiary Polynic Care through a small-scale merger without issuing new shares, with the merger date set for December 31, 2026.
Commentary
AI commentary · Not investment advice
What happened
IL decided to absorb Polynic Care Co., Ltd. in a merger. The board resolved on 2026.10.29 and the merger agreement is dated 2026.11.02. The merger date and the planned registration date are both 2026.12.31. It is a small-scale merger, and the stated purpose is to improve management efficiency and strengthen business competitiveness. The merger ratio is 1.0000000 : 0.0000000, and no external valuation applies.
In the company's terms
The merging counterparty reports total assets of KRW 1.3 billion, total liabilities of KRW 3.7 billion and total equity of negative KRW 2.4 billion. Its revenue is KRW 100 million and its net income is negative KRW 400 million. The filing gives a ratio of 0.6% against market capitalization. The summary describes Polynic Care as a wholly owned subsidiary and says the merger involves no new share issuance.
What changes for shareholders
The shareholder record date is 2026.11.13. The period for notices of opposition to the merger runs from 2026.11.13 to 2026.11.27. The creditor objection period runs from 2026.11.30 to 2026.12.30.
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