KCC to Acquire Additional Shares Worth 985.6 Billion KRW in U.S. Subsidiary, Raising Stake to 100%
KCC, a KOSPI-listed company, announced on July 3 that it will acquire an additional 218,785 shares of its U.S.-based silicone business subsidiary, MOM Holding, for approximately 985.6 billion KRW.
After the acquisition, KCC's ownership stake will become 100%. The scheduled date of acquisition is July 31.
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KCC stated that the purpose of this share acquisition is "to participate in the subsidiary's rights offering (allocation to shareholders)."
This content was produced with the assistance of AI translation services.
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