Aekyung Chemical Aekyung Chemical discloses a decision to merge its wholly owned subsidiary Gwangju Investment Development Co., Ltd. through a small-scale absorption merger on October 26, 2026.

Aekyung Chemical disclosed on October 26, 2026 a decision to absorb-merge its wholly owned subsidiary Gwangju Investment Development Co., Ltd., in which it holds 100%. The merger will not issue new shares, and the company said the merger date is expected to be January 1, 2027. The company cited improved management efficiency and reduced overlapping costs as the purpose of the merger.

1. 01

   Aekyung Chemical Aekyung Chemical holds 100% of Gwangju Investment Development Co., Ltd., and the merger ratio is 1:0 with no new shares issued, making it a merger without capital increase.

2. 02

   The merger is a small-scale merger under Article 527-3 of the Commercial Act, in which board approval replaces shareholder meeting approval and appraisal rights are not granted.

3. 03

   If shareholders holding 20 or more of the 100 total issued shares notify in writing of their objection within 2 days from the merger announcement date, the merger cannot proceed as a small-scale merger.

4. 04

   The company said there will be no change to the largest shareholder's shareholding or the ownership structure of Aekyung Chemical after the merger, and it explained that the merger will not affect the financial position or income in the consolidated financial statements.

An AI model translated the Korean summary of this filing into English; every number is carried over from the Korean original. Reference information, not investment advice.

Key figures

Merger ratio (surviving:absorbed)

1 : 0

Gwangju Investment Development total assets (as of end-2025)

KRW 154.7 billion

Gwangju Investment Development total equity (as of end-2025)

KRW 148 billion

Gwangju Investment Development net income (as of end-2025)

KRW 24.5 billion

Merger date

January 1, 2027

Filing facts

Filing type

Merger

Report name

Decision on Merger

Filed

Oct 26, 2026

Receipt number

20261026000318