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News 2026-10-15 05:53 UTC

GeneSystem to Absorb Wholly Owned Subsidiary Kyungbo Electric

GeneSystem will absorb its wholly owned subsidiary Kyungbo Electric, with the merger scheduled to take effect on December 18, 2026. The electrical equipment manufacturer will cease to exist as a separate company; no new shares will be issued. The merger aims to consolidate business capabilities, reduce costs and improv