Daewon Kang Up Co., Ltd. acquired additional 6.86% minority stake in Daewon Precision Industrial Company Limited for KRW 4.6 billion.
March 29, 2023
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Daewon Kang Up Co., Ltd. (KOSE:A000430) acquired additional 6.86% minority stake in Daewon Precision Industrial Company Limited for KRW 4.6 billion on March 24, 2023. Under the terms, Daewon Kang acquired 0.068595 million of shares at a price of KRW 67.778 per share in cash.
Daewon Kang Up Co., Ltd. (KOSE:A000430) completed the acquisition of additional 6.86% minority stake in Daewon Precision Industrial Company Limited on March 24, 2023.
DaeWon Kang Up Co., Ltd is a Korea-based company engaged in the manufacturing and sale of automobile parts. The Company mainly produces springs and seats. Its spring products consist of suspension springs, which include leaf springs, coil springs, stabilizer bars, air springs, air suspension systems and pusher axle suspension kits, as well as precision springs, which consist of engine valve springs, auto-clutch return springs, wire springs, flat springs, information technology (IT) components, die springs and disk springs. Its seat products are comprised of seats for vehicles and trains. It also produces and exports spring and seat manufacturing equipment. On October 11, 2013, it established a new overseas subsidiary, namely DAEWON-AvtoVazAgregat Seats LLC, engaged in the production, assembly and sale of seat and seat system.
DAEWON KANG UP CO., LTD. 
