Taekwang Invests 35 Billion KRW in HYTC Equity Stake
[Asia Economy Reporter Park Jun-yi] Taekwang announced on the 30th that it has decided to acquire 3,385,821 shares of HYTC Co., Ltd. for approximately 35 billion KRW. As a result, it will own 45% of HYTC's shares.
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Taekwang explained, "The investment was made to enter the secondary battery industry and strengthen corporate competitiveness through business diversification."
This content was produced with the assistance of AI translation services.
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