ULVAC, Inc.
【Al BACK】Implementation of Subsidiary Split Related to China Business Consolidation | June 2026
Al BACK will split the business of its consolidated subsidiary PST in China into a new company, progressing with organizational restructuring to strengthen business integration and management resources. The board of directors approved the plan on June 23, 2026, with completion scheduled for August 2026.
Key Figures
- Capital: 13,397,495,000 Korean Won (decreased due to split)
- Sales of split target business: approximately 82.2 billion Korean Won (fiscal year ending June 2025)
- Total assets of the split: 36,381 million Korean Won
AI要約
Overview of Business Restructuring
Al BACK will split the business of its Chinese consolidated subsidiary PST into a newly established company to enhance joint venture structure and consolidate management resources. The board of directors approved the plan on June 23, 2026, with completion scheduled for August 11, 2026. As a result of the split, capital stock will decrease to approximately 1.34 billion Korean Won, aiming to improve business stability and profitability.
Future Outlook and Impact
This organizational restructuring is within the group, and its impact on the company's consolidated performance is expected to be minimal. Details regarding the transfer of shares of the newly established company after the split will be disclosed separately. The company will continue to promote competitiveness and operational efficiency in the Chinese market, aiming for medium- to long-term profit growth.
Al BACK Co., Ltd.
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