DAECHANG Co.,Ltd. acquired an additional 47.6% stake in Taewoo Metal Co. Ltd. for KRW 20 billion.
December 25, 2013 at 11:00 pm EST
DAECHANG Co.,Ltd. (KOSE:A012800) acquired an additional 47.6% stake in Taewoo for KRW 20 billion on December 26, 2013. Daechang Co acquired 2 million shares of Taewoo and following the completion of the transaction, DAECHANG Co owns 2.8 million shares in Taewoo representing 65.6% stake.
DAECHANG Co.,Ltd. (KOSE:A012800) completed the acquisition of an additional 47.6% stake in Taewoo on December 26, 2013.