Haesung Industrial Co., Ltd. completed the acquisition of an additional 16.4% stake in HAESUNG DS Co., Ltd. for KRW 73.3 billion.
March 10, 2021
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Haesung Industrial Co., Ltd. (KOSDAQ:A034810) made an offer to acquire an additional 18% stake in HAESUNG DS Co., Ltd. (KOSE:A195870) for KRW 78.4 billion on January 13, 2021. Under the terms of transaction, Haesung Industrial made an offer to acquire 3.06 million shares of HAESUNG DS and will issue 6.67 million new shares as consideration. Upon completion of the offer, Haesung Industrial will hold 26% stake in HAESUNG DS. The tender offer period will run from February 15, 2021 till March 11, 2021. Daishin Securities Co., Ltd. acted as tender offer agent in the transaction.
Haesung Industrial Co., Ltd. (KOSDAQ:A034810) completed the acquisition of an additional 16.4% stake in HAESUNG DS Co., Ltd. (KOSE:A195870) for KRW 73.3 billion on March 11, 2021. Following acquisition, Haesung Industrial will hold 4.145 million shares. The purchase price is KRW 26,325 per share.
Haesung Industrial Co Ltd is a Korea-based holding company mainly engaged in the real estate rental management business. The Company operates its business through three segments. The Real Estate Rental and Management Business segment engages in the operation of office building rental business, facility management business for rental areas, and parking lot management business. The Facility Management Business segment is engaged in the operation and management of facilities such as office buildings, machinery and electrical equipment, and the entire rental business. The Real Estate Development segment engages in the construction of logistics warehouses, hotels, office buildings and others. The Company also operates holding business.