Nexen absorbs warehouse affiliate Nexen L&C
[DISCLOSURE] Nexen (005720) announced on Aug. 29 that it has decided to merge with its warehouse management and transportation affiliate Nexen L&C at 1:8.8793666 ratio “to minimize inefficiency through creating synergy and to improve governance structure.”
The due date for merger is Nov. 1.
By Hwang You-mee (theinvestor@heraldcorp.com)