Bight Electronics Completes Acquisition of Sayung Technology via Non-Cash Small-Scale Merger

Bight Electronics, a manufacturer of optical transceivers, announced on July 22 that it has completed the absorption merger of Sayung Technology, with the merger date set for July 22, 2026. The merger was conducted through a non-cash method, with Sayung Technology's shares fully transferred to Bight Electronics without issuing new shares or paying merger consideration. The small-scale merger process bypassed the shareholder meeting via board resolution, with opposition notice deadlines set from June 4 to June 18, 2026. Forty-three thousand five hundred shareholders objected, representing 1.15% of total shares, but no objections were received from creditors. The merger completion report was filed on July 22, 2026, with registration scheduled for July 23. Financial projections show Bight Electronics' assets at 106.69 trillion won, liabilities at 26.84 trillion won, and equity at 79.85 trillion won. Its 2025 fiscal year results include revenue of 31.8 trillion won, operating loss of 16.5 trillion won, and net loss of 19.7 trillion won.