TK Chemical Acquires Additional KRW 19 Billion Worth of Shares in Daehan Shipping
[Asia Economy Reporter Lee Jung-yoon] TK Chemical announced on the 16th that it has decided to additionally acquire 7,350,646 shares of its affiliate company, Daehan Shipping, for 19,038,173,140 KRW.
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This amounts to approximately 7.12% of the company's equity capital. After the acquisition, the total number of shares owned will be 36,285,226, representing a stake of about 11.37%. The scheduled acquisition date is June 17, 2021. The company stated that this is "to enhance the corporate value of the affiliate and to maintain the shareholding ratio."
This content was produced with the assistance of AI translation services.
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