Youngbo Chemical, Subsidiary Receives Infinite Business Suspension Decision
[Asia Economy Reporter Minwoo Lee] Youngbo Chemical announced on the 1st that its subsidiary, Muhan, a manufacturer and seller of plastic products, will cease all manufacturing and sales operations from June 30.
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The company explained, "This decision is due to the continuous deterioration of the business environment and performance," adding, "Although a decrease in consolidated sales is expected, it will be positive for improving the financial structure by reducing losses."
This content was produced with the assistance of AI translation services.
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