APR(278470) will absorb and merge its subsidiary APR Factory to improve management efficiency.
APR disclosed on the 9th that it decided to absorb and merge APR Factory, a wholly owned subsidiary.
The merger will proceed as a merger without capital increase, with no new shares issued. The merger ratio is 1 to 0, and there will be no change to APR's equity structure after the merger. The contract date is on the 16th of this month, and the effective date is Dec. 31.
APR plans to allocate human and physical resources efficiently and streamline overlapping management infrastructure through this merger. The company aims to simplify its decision-making structure to respond quickly to changes in the business environment.
APR Factory operates three production bases: one in Gasan, Seoul, and two in Pyeongtaek, Gyeonggi. It has been responsible for production within APR's internalized value chain spanning research and development (R&D), product planning, manufacturing, and logistics.
APR has recently expanded its business beyond existing home beauty devices into beauty medical devices such as EBD (energy-based devices) and skin boosters. The company is accelerating efforts to optimize and advance its production infrastructure in line with the expansion of its business portfolio.
An APR official said, "This merger is a decision to enhance organizational and operational efficiency to strengthen business competitiveness," adding, "We will work to enhance shareholder value through top-line growth and improved profitability."