Kopra Absorbs BGF Ecobio Through Merger

[Asia Economy Reporter Lee Jung-yoon] Kopra announced on the 29th that it will merge with Bijief Eco Bio through an absorption-type merger.

The purpose of the merger is to improve management efficiency and strengthen business competitiveness through the merger. The company explained, "Kopra holds 100% of the shares of Bijief Eco Bio, the dissolving company, and since the surviving company will not issue new shares for the shares of the dissolving company upon merger, the merger ratio was calculated as 1 to 0."