# DaChang Steel to merge with subsidiaries DaChang AT and Booil Steel

DaChang Steel, a POSCO cold-rolled coil center, announced it will absorb its wholly-owned subsidiaries DaChang AT and Booil Steel. The merger date is January 1, 2024, and no new shares will be issued.

- Type: Acquisition
- Announced: 2023-10-18
- Where: South Korea
- Status: announced
- Products: cold-rolled steel coil
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [DaChang Steel](https://endata.com/companies/73739.md)
- [DaChang AT](https://endata.com/companies/73740.md) (target)
- [Booil Steel](https://endata.com/companies/73741.md) (target)

## Sources

- [steeldaily.co.kr](https://www.steeldaily.co.kr/news/articleView.html?idxno=178700), 2023-10-18: "이번 자회사 흡수합병을 통해 사업 경쟁력을 강화하고, 경영 효율성을 제고하겠다는 구상이다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.