GS Caltex Corp. acquired remaining 50% stake in Co., Ltd. from GS Global Corporation (KOSE:A001250) for approximately KRW 1 billion on September 26, 2012. Under the terms of the agreement, GS Caltex Corp. acquired 0.3 million shares and paid KRW 3333 per share. For the year ended December 31, 2011, GS EcoMetal reported revenues of KRW 3.8 billion, total assets of KRW 29.8 billion, net loss of KRW 5.7 billion and total common equity of KRW 911.5 million.

GS Caltex Corp. completed the acquisition of remaining 50% stake in GS EcoMetal Co., Ltd. from GS Global Corporation (KOSE:A001250) on September 26, 2012.