Doosan Acquires Additional Doosan Heavy Industries Shares Worth 291.6 Billion KRW
[Asia Economy Reporter Hwang Yoon-joo] Doosan announced on the 19th that it will additionally acquire 18,222,047 shares of Doosan Heavy Industries & Construction, an affiliate in the other machinery and turbine manufacturing industry, for approximately 291.6 billion KRW.
After acquiring the shares, Doosan's stake in Doosan Heavy Industries & Construction will be 36.9%. The scheduled date for the stock acquisition is the 18th of next month.
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Doosan stated that the purpose of this stock acquisition is "to enhance the corporate value of the affiliate and maintain control."
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