Hansol Paper, Affiliate Hansol EM Subsidiary Acquisition

[Asia Economy Reporter Kim Jong-hwa] Hansol Paper announced on the 19th that it has acquired 99.99% of the shares of its affiliate Hansol EM and incorporated it as a subsidiary.

Hansol EM is a company engaged in environmental and energy, water treatment businesses in both the private and public sectors. In particular, through its facility maintenance business, it plays a key role in the operation of existing Hansol Paper facilities and energy efficiency.

A Hansol Paper official stated, "Hansol EM is a business operator capable of providing total services in the eco-friendly management business sector, and especially is one of the top domestic companies possessing a value chain from incineration plant business and related construction and operation to steam power generation and sales," adding, "Through the incorporation of Hansol EM as a subsidiary this time, we can achieve management efficiency in the facility maintenance business division."

Furthermore, the company has secured a foundation for entering the eco-friendly management business, which has recently emerged as a promising business area. The eco-friendly management business has been attracting attention as a promising sector, as evidenced by SK Construction's acquisition of EMC Holdings, the largest environmental platform company in Korea, for 1.05 trillion won last August.

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