TY Holdings Co., Ltd (KOSE:A363280) agreed to acquire a 17.1% stake in Taeyoung Engineering & Construction Co.,Ltd. (KOSE:A009410) from Yoon, Seok-min and others for KRW 74 billion on January 19, 2021. TY Holdings acquires Taeyoung Engineering shares in a way to receive in-kind investment through tender offer in order to meet the requirements for establishment of a holding company stipulated in the Monopoly Regulation and Fair Trade Act. Under the terms, TY Holdings issued 2.7 million of its own shares as consideration. Seok-min Yoon will hold 10% stake after transaction. Tender offer period is December 28, 2020 to January 18, 2021.

TY Holdings Co., Ltd (KOSE:A363280) completed the acquisition of a 17.1% stake in Taeyoung Engineering & Construction Co.,Ltd. (KOSE:A009410) from Yoon, Seok-min and others on January 18, 2021.