APS to Absorb Wholly Owned Subsidiary UPI

Bitget2026/10/26 08:02

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APS will absorb wholly owned transformer-manufacturing equipment subsidiary UPI on Jan. 4, 2027.
UPI will dissolve upon completion; no new shares will be issued, leaving the surviving company's capital unchanged.
The merger aims to simplify management, bring UPI's revenue directly into the business and diversify operations into power-equipment manufacturing machinery.
UPI generated 2025 revenue of KRW 9.54 billion, with net income of KRW 2.04 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. APS Inc. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261026000284), on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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APS to Absorb Wholly Owned Subsidiary UPI

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