Dongsung FineTec Decides to Absorb Subsidiary Dongsung LTS Through Merger
[Asia Economy Reporter Minji Lee] Dongsung FineTec announced on the 26th that it has decided to absorb and merge its subsidiary Dongsung LTS. The merger ratio is 1 to 0, and the merger date is set for December 1.
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The company stated, "Since this is a non-capital increase merger without issuing new shares, there will be no impact on the management rights of Dongsung FineTec Co., Ltd.," adding, "Through the merger with Dongsung LTS Co., Ltd., we aim to improve management efficiency and strengthen competitiveness."
This content was produced with the assistance of AI translation services.
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