DSP Co., Ltd. entered into a contract to acquire an additional 14.12% stake in Daeho P&C Co.,Ltd from Shinhan Investment Fund and Landstone AMC Co., Ltd.
March 26, 2018
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DSP Co., Ltd. entered into a contract to acquire an additional 14.12% stake in Daeho P&C Co.,Ltd (KOSDAQ:A021040) from Shinhan Investment Fund and Landstone AMC Co., Ltd on March 26, 2018. DSP Co., Ltd. will acquire 6.83 million shares from Shinhan Investment Fund and 3.5 million shares from Landstone AMC Co., Ltd.
DHSteel, formerly Daeho P&C Co Ltd, is a Korea-based company mainly engaged in the manufacturing and distribution of steel wires. The Company operates its business through two segments. The Wire Rod segment manufactures and sells cold heading quality (CHQ) wires, which are material for steel parts such as bolts, nuts, bearing balls and screws, used for automobile parts, general industrial machinery parts, and electronic parts. The Cold Drawn (CD) Bar segment produces and sells bars used as shafts for automobile parts and general industrial machinery parts. In addition, the Company manufactures and sells stainless wire, which is a steel material such as wire, spring and rope. The Company distributes its products within domestic market and to overseas markets.
DSP Co., Ltd. entered into a contract to acquire an additional 14.12% stake in Daeho P&C Co.,Ltd from Shinhan Investment Fund and Landstone AMC Co., Ltd.
DHSTEEL 
