NEOOTO to make Auto Industry a wholly owned subsidiary via share exchange

NEOOTO's board approved a comprehensive share exchange agreement to make affiliate Auto Industry a wholly owned subsidiary. The transaction aims to unify the value chain and create synergies in forging, turning, and ultra-precision gear cutting.

“The comprehensive share exchange is being pursued to unify the value chain, create business synergies based on vertical integration, and increase both corporate value and shareholder value.”globalnewstop.com

• 1 source
• globalnewstop.comNEOOTO Moves to Make Auto Industry a Wholly Owned Subsidiary < Equities < Markets < Article - NEWSTOPJihye LeeSep 7, 2026

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