APR to Absorb and Merge with Manufacturing Subsidiary APR Factory

[Financial News] APR will absorb and merge with its beauty-device manufacturing subsidiary, APR Factory, to improve management efficiency.
According to APR on the 9th, the merger will proceed without issuing new shares, with a merger ratio of 1:0. APR’s ownership structure will remain unchanged after the merger, as APR owns 100% of APR Factory.
The merger agreement will be signed on the 16th, and the merger date is December 31.
Through the merger, APR plans to improve the efficiency of allocating human and physical resources, streamline overlapping management infrastructure, and reduce costs. It also plans to simplify its decision-making structure to respond swiftly to changes in the global beauty market.
APR Factory operates three production sites: one in Gasan, Seoul, and two in Pyeongtaek, Gyeonggi Province. It has played a key role in internalizing the value chain spanning research and development, product planning, manufacturing, and logistics.
An APR representative said, "This merger is a strategic decision aimed at maximizing organizational and operational efficiency and strengthening the competitiveness of our core business. Based on this, we will achieve growth in scale and profitability while enhancing shareholder value."
[email protected] Kang Myeong-yeon Reporter