ITCENCTS Subsidiary C Platform to absorb its wholly owned unit 2KM Systems
IAI summary · Not investment advice
ITCENCTS's subsidiary C Platform will absorb its wholly owned subsidiary 2KM Systems; no new shares are issued, so C Platform's capital stays the same.
Key facts
- Merger ratio
- 1:0.0000000C Platform owns 100% of 2KM Systems; no new shares issued, no change in C Platform's capital
- Merger counterparty
- 2KM Systems Co., Ltd.Subsidiary of C Platform; software development services and package sales
- Merger date
- Dec 31, 2026
- Merger method
- C Platform Co., Ltd. absorbs 2KM Systems Co., Ltd.C Platform survives; 2KM Systems is dissolved
- Subsidiary
- C PLATFORM CO., LTDMajor subsidiary; IT infrastructure distribution
- Purpose of merger
- Create management synergy by improving distribution business efficiency and strengthening competitiveness
- Shareholders' meeting date
- Nov 27, 2026C Platform shareholders' meeting to approve the merger
- Board resolution date
- Nov 9, 2026
- % of total assets
- 18.6%C Platform total assets / parent's consolidated total assets, end of 2025
Commentary
AI commentary · Not investment advice
What happened
C Platform, a subsidiary of ITCENCTS, decided to absorb its own subsidiary 2KM Systems (an absorption merger). C Platform will remain and 2KM Systems will cease to exist. The aim is to run the distribution business more efficiently and strengthen its competitiveness.
In the company's terms
C Platform's total assets equal 18.6% of ITCENCTS's consolidated total assets (as of the end of 2025). 2KM Systems posted revenue of KRW 9.0 billion in its latest fiscal year. Its net income was KRW -322.0 million.
What changes for shareholders
C Platform owns 100% of 2KM Systems, so no new shares will be issued (a merger without a capital increase). The merger ratio is 1:0.0000000, and C Platform's capital stays the same. C Platform's shareholders' meeting to approve the merger is planned for November 27. Creditors can raise objections from November 27 to December 30. The merger date is December 31, and registration is planned for 2027.01.06.
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