Korea Securities Finance Corporation acquired additional 4% stake in DASAN Networks Inc..
January 09, 2015 at 10:30 am IST
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Korea Securities Finance Corporation acquired additional 4% stake in DASAN Networks Inc. (KOSDAQ:A039560) on January 9, 2015. Post transaction the Korea Securities Finance Corporation will hold 9.24% stake in DASAN Networks Inc.
Korea Securities Finance Corporation completed the acquisition of additional 4% stake in DASAN Networks Inc. (KOSDAQ:A039560) on January 9, 2015.
DASAN Networks, Inc. is a Korea-based company mainly engaged in the provision of network communication equipment. The Company mainly provides switches and digital subscriber line (xDSL) solutions, which enable wire-speed transmissions required for managing high-density data switching applications; fiber to the X (FTTx) solutions, which enable service providers to deliver bandwidth solutions; triple play service (TPS) devices, including Internet protocol (IP) set-top boxes (STBs), wireless fidelity (Wi-Fi) phones, desktop phones, IP phones and others, as well as gigabit Ethernet line cards, software and others. The Company distributes its products within domestic market and to overseas markets.