by Choi Seoyoon
Published 06 Aug.2024 17:27(KST)
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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