Aekyung Chemical to Sell China Subsidiary After Halting Operations
Paul Lee
hoondork1977@alphabiz.co.kr | 2026-03-20 06:01:28
Photo courtesy of Yonhap News
[Alpha Biz= Paul Lee] Aekyung Chemical has decided to halt operations at its Chinese subsidiary and proceed with its sale as part of efforts to improve competitiveness and financial efficiency.
In a regulatory filing on March 19, the company announced that Aekyung (Ningbo) Chemical Co., Ltd. will cease operations by August 31 before being sold. The buyer has not been disclosed.
The subsidiary generated KRW 137.7 billion in revenue last year on a standalone basis, accounting for approximately 8.38% of Aekyung Chemical’s total sales.
The company expects that while consolidated revenue will decline following the divestment, operating losses will also decrease, leading to an overall improvement in its financial structure.
[ⓒ AlphaBIZ. 무단전재-재배포 금지]
많이 본 기사
- 1BTS Launches North American Tour in Tampa, Expected to Generate Major Economic Impact
- 2Upbit Delays Listing of Pearl (PRL) Over Circulating Supply Concerns
- 3KOSPI Rally Drives Margin Debt to Record High, Raising Volatility Concerns
- 4Hanwha Solutions Beats Q1 Estimates, Brokerages Turn Bullish on U.S. Solar Growth
- 5EQT Raises Stake in Douzone Bizon to 94%, Moves Toward Delisting
- 6Hanwha Vision Profit Slumps in Q1 on Semiconductor Equipment Gap