KB Tech Co., Ltd acquired additional 2.11% stake in KB Metal Co., Ltd. from KB AutoTech Co., Ltd for KRW 1.9 billion
December 03, 2017
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KB Tech Co., Ltd acquired additional 2.11% stake in KB Metal Co., Ltd. (KOSDAQ:A024840) from KB AutoTech Co., Ltd for KRW 1.9 billion on November 30, 2017. Under the terms, KB Tech acquired 0.66 million shares at KRW 2,890 per share. KB Tech Co., Ltd increased the shareholding from 0.9 million shares to 1.56 million shares and KB AutoTech Co., Ltd reduced the shareholding from 3.4 million shares to 2.7 million shares.
KB Tech Co., Ltd completed the acquisition of an additional 2.11% stake in KB Metal Co., Ltd. (KOSDAQ:A024840) from KB AutoTech Co., Ltd on November 30, 2017.
KBI METAL CO., LTD., formerly KB METAL CO., LTD., is a company mainly engaged in the production and sale of copper wires. Along with subsidiaries, the Company operates its business through three segments. The Metal Business segment is mainly involved in the manufacturing and sale of copper wires used in wires. The Electric Field Business segment is mainly engaged in the manufacturing and sale of cores used in automobiles, electric and electronic products; generators used in heavy equipment and industrial machineries; and other products related with electric field. The Cable Business segment is mainly involved in the production and supply of wires.
KBI METAL CO., LTD. 
