Sejin Heavy Industries Decides to Acquire 100% Stake in Affiliate GI Tech
[Asia Economy Reporter Minwoo Lee] Sejin Heavy Industries announced on the 29th that it has decided to acquire 55% (1.1 million shares) of the stake in GI Tech, a ship equipment manufacturing subsidiary, for approximately 12.5 billion KRW. As a result, Sejin Heavy Industries will hold 100% of GI Tech's shares. Sejin Heavy Industries explained that the decision was made "to create new business opportunities and generate financial investment returns."
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