by Kong Byeongseon
Published 19 Feb.2025 18:23(KST)
Tirayutec announced on the 19th that it has additionally acquired 6,730 shares of its subsidiary Tirartrobo, a manufacturer of automation equipment, for 3,499.6 million KRW.
This represents approximately 22.76% of its equity capital. With this stock acquisition, Tirayutec's ownership stake in Tirartrobo will reach 100%. The shares were acquired through participation in a rights offering. The scheduled date for the stock acquisition is the 27th of this month.
Tirayutec explained that the purpose of the stock acquisition is to "secure financial stability through debt repayment and procurement of operating funds for the subsidiary."
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