Daesung Industrial Increases Stake in Subsidiary DS Power to 81.8%
[Asia Economy Reporter Minji Lee] Daesung Industrial announced on the 17th that it acquired 3,496,504 shares of its affiliate DS Power for approximately 30 billion KRW. After the acquisition, the number of shares owned reached 14,741,837, representing an 81.8% stake. The company stated, "This is to increase expected profits through expanded investment in LNG combined heat and power plants and to broaden investment opportunities in the new hydrogen fuel cell business."
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