EPACK Durable and Bumjin Korea terminate joint venture
EPACK · price
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On November 5, 2026, EPACK Durable and Bumjin Electronics of Korea signed an agreement ending their July 2025 joint venture. Bumjin India did not start operations because Bumjin Korea did not subscribe to shares. EPACK will strike off Bumjin India, which remains its wholly owned subsidiary. There is no material financial or operational impact, and no payments or claims remain between the parties.
No material financial or operational impact is expected because Bumjin India never started operations. EPACK will bear the cost of striking off the subsidiary.