Heungkuk Metaltech Co.,Ltd. cancelled the acquisition of HUA SHAN CONSTRUCTION MACHINERY(SHANDONG) CO.,LTD. for KRW 7.9 billion.
January 21, 2024
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Heungkuk Metaltech Co.,Ltd. (KOSDAQ:A010240) agreed to acquire HUA SHAN CONSTRUCTION MACHINERY(SHANDONG) CO.,LTD. for KRW 7.9 billion on July 3, 2023. The transaction is expected to close on July 4, 2023.
Heungkuk Metaltech Co.,Ltd. (KOSDAQ:A010240) cancelled the acquisition of HUA SHAN CONSTRUCTION MACHINERY(SHANDONG) CO.,LTD. for KRW 7.9 billion on January 22, 2024.
HEUNGKUK METALTECH CO., LTD. is a Korea-based company mainly engaged in the manufacture of industrial parts for construction and heavy equipment. The Company's product portfolio mainly consists of construction equipment parts and forging products. The construction equipment parts consist of carrier rollers, track rollers, track link products, idler assy accessories, sprockets, floating seals and others, which are used for excavators, bulldozers, cranes and others. The forging products consist of components for construction machineries and automobiles, such as gears, upper roller flanges and lower roller flanges, yokes, rack pistons, knuckle pulley spiders, gear shafts, crank shafts and others.
HEUNGKUK METALTECH CO.,LTD. 
