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BGF Group held a board meeting to complete the merger of its materials subsidiaries KOPLA and BGF Ecobio, and plans to change the company name to BGFecomaterials.
BGF announced it will acquire a 44.3% stake in KOPLA, a manufacturer of high-performance engineering plastics, for 180.9 billion KRW, with total investment of 250 billion KRW including convertible bonds. The acquisition date is December 22, 2021.