Daehan Steel Acquires 51% Stake in Rebar Manufacturer YKS Co., Ltd.
[Asia Economy Reporter Minji Lee] Daehan Steel announced on the 19th that it acquired 1,836,000 shares of YKS, a rebar manufacturing company, for 46,836,360,000 KRW. This corresponds to 10.14% of its equity capital.
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After the acquisition, Daehan Steel's stake in YKS stands at 51%. The company stated, "We will create synergy effects through the equity acquisition and strengthen our capabilities in the rebar business."
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