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#M&A#Communication2022-06-29
ECORBIT acquires Dongmyung Tech. Yeosu waste inc..
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ECORBIT took over the management rights of Dongmyung Tech, a waste incineration company located in Yeosu, Jeollanam-do. Following the acquisition of Ecobit Energy Myeongseong (formerly Myeongseong Environment) last year, it is interpreted as a strategy to strengthen the relatively low proportion of the incineration business in the Honam region.

 

According to the investment industry on the 28th, ECORBIT recently completed the process of acquiring a 50% stake from the largest shareholder of Dongmyung Tech. The acquisition price is said to be around 21 billion won.

 

Original article :  ECORBIT acquires Dongmyung Tech. Yeosu waste inc..