1. A holding company may merge with one or more of its wholly owned companies as a single Company without entering into a merger agreement. Merger shall be effected by Special Resolution of those companies, passed by the majority necessary to amend the MOA of each Company. 2. Two or more companies wholly owned by a holding company may merge into a single Company without entering into a merger agreement. 3. In the case of a merger involving a holding company, the provisions on merger set out in this Decree Law and its implementing resolutions shall apply to its wholly owned subsidiaries.
Interpretation and application must be checked against the official text and current version.