KG Mobility Acquires Ssangyong Motor Shares for 365.5 Billion KRW
[Asia Economy Reporter Kim Young-won] KG Chemical's subsidiary KG Mobility announced on the 31st that it will acquire 73,098,000 shares of Ssangyong Motor, a manufacturer and seller of automobiles and parts, for approximately 365.5 billion KRW.
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KG Chemical specified the purpose of this stock acquisition as the "acquisition of Ssangyong Motor." The scheduled date for the stock acquisition is the 21st of next month, and after the acquisition, KG Mobility's stake in Ssangyong Motor will be 61.86%.
This content was produced with the assistance of AI translation services.
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