Hyundai Green Food Co.,Ltd. agreed to acquire 14.13% stake in Daewon Kang Up Co., Ltd. for KRW 39.5 billion.
November 17, 2022
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Hyundai Green Food Co.,Ltd. (KOSE:A005440) agreed to acquire 14.13% stake in Daewon Kang Up Co., Ltd. (KOSE:A000430) for KRW 39.5 billion on November 18, 2022.
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. 
