Daehan Steel Co., Ltd. (KOSE:A084010) agreed to acquire additional 30.1% stake in Angkasa Daehan Steel Pte Ltd. from LTC Corporation Limited for KRW 25.7 billion on March 25, 2024. Post the transaction, Daehan Steel will hold 80.1% stake in Angkasa Daehan. Angkasa Daehan reported net income of KRW 3.8 million, sales of KRW 170 billion, total debt of KRW 28.9 million and total assets of KRW 127 billion in 2023.

The transaction is expected to close on June 30, 2024.