SL Bionics Decides to Absorb Subsidiary Woosung Industry Through Merger

[Asia Economy Reporter Junho Hwang] SL Bionics announced on the 9th that it has decided to absorb its subsidiary Woosung Industry through a merger. The merger ratio is 1 to 0, and the merger date is set for July 19. The company stated, "This is to strengthen competitiveness and maximize shareholder value by achieving business enhancement and management efficiency improvement."