Dongyang Absorbs Subsidiary Hanseong Remicon Through Merger

[Asia Economy Reporter Lee Gwanju] Dongyang announced on the 8th that it absorbed its subsidiary Hanseong Remicon through a non-capital increase merger without issuing new shares.

The company stated, "Through the merger of a wholly-owned subsidiary, synergy effects such as cost reduction related to corporate operations and improved management efficiency through integrated business operations are expected."