Korea Securities Finance Corporation, Investment Arm acquired 2.6% stake in Formetal Co., Ltd..
January 10, 2017
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Korea Securities Finance Corporation, Investment Arm acquired 2.6% stake in Formetal Co., Ltd. (KOSDAQ:A119500) on January 11, 2017. As per the terms of agreement Korea Securities Finance Corporation will acquire 0.32 million shares.
Korea Securities Finance Corporation, Investment Arm completed acquisition of 2.6% stake in Formetal Co., Ltd. (KOSDAQ:A119500) on January 11, 2017.
FORMETAL CO., LTD. is a Korea-based company engaged in the forging business. The Company provides automobile parts, including spindles, knuckles, yokes, arms, connecting rods, cam shafts and others; new and renewable energy source and automation machine parts, including shafts, hold flanges, reduction gears, as well as robot components and others; military vehicle parts, including various arms, wheels and others; industrial machine parts, including bearings, valves, bonnets, railroad components, high pressure valves and others, and agricultural machine parts, including cam shafts, connecting rods and crank shafts. The Company distributes its products within domestic market and to overseas markets.
FORMETAL CO., LTD. 
