Hoban Group Acquires Daehan Electric Wire for 251.8 Billion Won
[Asia Economy Reporter Hyunseok Yoo] Hoban Group announced on the 29th that it will acquire Daehan Electric Wire & Cable to diversify its business.
Hoban Industry, a construction affiliate of Hoban Group, disclosed on the same day that it signed a stock purchase agreement to acquire 40.0% of the issued shares of Daehan Electric Wire & Cable for approximately 251.8 billion KRW.
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Hoban Industry stated that the purpose of the acquisition is "business diversification." The scheduled acquisition confirmation date is May 31.
This content was produced with the assistance of AI translation services.
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