Yeongpung Paper "Majority Shareholder Sells All Shares to Daeyang Metal"
Daeyang Metal Acquires 50.55% Stake in Youngpoong Paper
[Asia Economy Reporter Han Jinju] Youngpoong Paper announced on the 14th that Growth No.1 Investment Purpose Corporation, the largest shareholder, has signed a contract to sell all its shares (11,221,730 shares) to Daeyang Metal.
This corresponds to a 50.55% stake, and the sale amount is 128.9 billion KRW.
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Daeyang Metal stated that the purpose of acquiring Youngpoong Paper is to strengthen business capabilities through entry into new business areas.
This content was produced with the assistance of AI translation services.
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