Ecopro BM Absorbs Subsidiary Ecopro Global in Merger

Enhancing Management Efficiency in Overseas Business

Ecopro BM will merge its subsidiary Ecopro Global to enhance management efficiency.

Ecopro BM announced on the 26th that it held a board meeting on the 25th and decided to merge Ecopro Global. The two companies will merge without issuing new shares, with Ecopro BM absorbing Ecopro Global (100% ownership). The merger date is set for May 30.

Ecopro Global was established in September 2021 and has led overseas expansion, including investment and construction of the Debrecen plant in Hungary, Europe.

Once the merger process is completed, Ecopro BM will directly oversee the Hungary business. The business structure, which was previously 'Ecopro BM - Ecopro Global - Ecopro Global Hungary,' will be simplified to 'Ecopro BM - Ecopro Global Hungary,' which is expected to speed up decision-making and business execution.

After establishing investment plans, funds can be immediately injected into the Hungarian subsidiary, and efficiency in managing human and physical resources is also expected to improve.

An Ecopro BM official said, "We expect that overseas projects such as the construction of the Hungary plant will gain momentum while enhancing management efficiency."

This content was produced with the assistance of AI translation services.