The Korea Herald

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Sports Toto Online to be absorbed into Orion

By 정민경

Published : Aug. 22, 2016 - 16:21

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[DISCLOSURE] Orion (001800) announced its plans to take over Sports Toto Online, an online sports betting platform, as a wholly owned subsidiary to increase management efficiency. 

The stock swap ratio is 1:0, and Orion will own 100 percent stake in Sports Toto Online. 

There will be no change of majority shareholders post-merger.

By Jung Min-kyung (mkj1105@heraldcorp.com)