M&A / Merger2026-05-21

THE CENTURY CO. to merge with Wooyang Fisheries

THE

세기상사

002420

+0.65

Signal Score

50CNeutral
Score50 / 100

Historical Avg Return (5d)

+0.00%

Data Coverage

100%n=634

Risk-adjusted indicator based on 634 historical DART filings. For informational purposes only — not investment advice.

Financial Impact

POSITIVE

Key Numbers

  • • Merger Ratio (THE CENTURY CO.: Wooyang Fisheries): 1 : 1,306.4048276
  • • New Shares Issued: 25,197,931 Shares
  • • Post-Merger Major Shareholder Stake: 91.18%
  • • Shareholder Appraisal Rights Price: 5,649 KRW per share
  • • Estimated Post-Merger Total Assets (2025-12-31): 203.53B KRW

AI Analysis Summary

THE CENTURY CO., LTD. (surviving entity) is merging with Wooyang Fisheries Co., Ltd. (dissolving entity) at a ratio of 1:1,306.4048276, issuing 25,197,931 new shares. This merger is expected to significantly expand THE CENTURY CO.'s business scope beyond its current oil sales, integrating Wooyang Fisheries' assets and operations. Pro-forma financials for 2025-12-31 show combined assets of 203.53B KRW and net income of 27.15B KRW, a substantial increase from THE CENTURY CO.'s standalone figures. The post-merger major shareholder and related parties will hold 91.18% of shares, with new shares subject to a one-year lock-up. The company anticipates enhanced management efficiency, economies of scale, and improved profitability and stability, ultimately boosting shareholder value. Shareholder appraisal rights are set at 5,649 KRW per share.

How This Event Is Evaluated

M&A / Merger Evaluation

M&A events are evaluated by assessing deal size relative to company scale, strategic rationale, financing structure, and integration risk.

AI is used to interpret disclosures and extract structured data.

Signal scores are generated using event-specific methodologies and quantitative models.

  • Deal size relative to market value
  • Strategic fit and synergy potential
  • Financing structure (cash, stock, debt)
  • Regulatory and integration risk
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This content is for informational purposes only and does not constitute investment advice. Past signal patterns do not guarantee future results. All data is sourced from public DART filings.

AI-processed analysis. Based on: 주요사항보고서(회사합병결정). Source: Financial Supervisory Service (금융감독원 전자공시시스템). Raw government data is not redistributed. Not investment advice.