Dongguk CM Acquires 128.5 Billion Won Worth of Ajou Steel Shares

Dongguk CM announced on the 6th that it has decided to acquire 19,853,040 shares of Ajou Steel for 128.5 billion KRW through a European share purchase (cash acquisition) and participation in a third-party allotment capital increase. The shareholding ratio after acquisition will be 56.61%. The company stated that the purpose of the acquisition is to "create strategic business synergy."

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