CS Wind Corporation (KOSE:A112610) agreed to acquire an additional 16.9% stake in CS Bearing Co., Ltd. from Hyunjin Materials Co., Ltd. (KOSDAQ:A053660) and others for KRW 7.8 billion on April 9, 2018. Under the terms of transaction, CS Wind Corporation will acquire an additional 1.3 million shares in CS Bearing Co., Ltd. and upon completion, CS Wind Corporation will hold 4.1 million shares in CS Bearing Co., Ltd. Hyunjin Materials Co., Ltd. will sell 1.3 million shares for KRW 7.7 billion and upon completion, Hyunjin Materials Co., Ltd. will not own any shares in CS Bearing Co., Ltd. The transaction has been resolved by the board of CS Wind Corporation. The transaction is expected to be completed by April 9, 2018.
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- CS Wind Corporation agreed to acquire an additional 16.9% stake in CS Bearing Co., Ltd. from Hyunjin Materials Co., Ltd. and others for KRW 7.8 billion.