Hanon Systems EFP Decides to Absorb Wholly-Owned Subsidiary
Merger purpose: Hanon Systems EFP Corporation absorbs its wholly-owned subsidiary Hanon Systems EFP Korea Co., Ltd. to increase operational efficiency and strengthen business competitiveness
Merger ratio: 0 (no new shares issued, capital increase without consideration) → no change in the surviving company's capital
Merger date: scheduled for July 1, 2026; general shareholders' meeting: May 29, 2026
Subsidiary (Hanon Systems EFP Corporation) total assets: approx. 2.86 trillion KRW (27.26% of parent's consolidated assets of 10.49 trillion KRW)
No appraisal rights (as the surviving company owns 100% of the disappearing company's shares)
KOSPI Filing Information
Filing: Decision on Merger of Companies (Major Management Matters of Subsidiary)