Haesung Industrial Co., Ltd. (KOSDAQ:A034810) made an offer to acquire an additional 18% stake in HAESUNG DS Co., Ltd. (KOSE:A195870) for KRW 78.4 billion on January 13, 2021. Under the terms of transaction, Haesung Industrial made an offer to acquire 3.06 million shares of HAESUNG DS and will issue 6.67 million new shares as consideration. Upon completion of the offer, Haesung Industrial will hold 26% stake in HAESUNG DS.

The tender offer period will run from February 15, 2021 till March 11, 2021. Daishin Securities Co., Ltd. acted as tender offer agent in the transaction.