Quantum Global PEF completed the acquisition of 10.9% stake in Daeho P&C Co.,Ltd from Daeho Co., Ltd. for KRW 10.6 billion.
May 14, 2018
Share
Shinhan Investment Fund and Quantum Global PEF agreed to acquire 13.2% stake in Daeho P&C Co.,Ltd (KOSDAQ:A021040) from Daeho Co., Ltd. on March 26, 2018. Daeho Co., Ltd. will sell 9.7 million shares of Daeho P&C to Shinhan Investment Fund and Quantum Global PEF selling 1.7 million and 8 million shares respectively in Daeho P&C. Shinhan Investment Fund cancelled the acquisition of 2.28% stake in Daeho P&C Co.,Ltd (KOSDAQ:A021040) from Daeho Co., Ltd. on April 13, 2018.
Quantum Global PEF completed the acquisition of 10.9% stake in Daeho P&C Co.,Ltd (KOSDAQ:A021040) from Daeho Co., Ltd. for KRW 10.6 billion on May 15, 2018.
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.
DHSTEEL 
