KIS Wire Co., Ltd. (KOSE:A002240) agreed to acquire the remaining 50% stake in TrefilARBED Korea Co.,Ltd. from Trefilarbed Bissen Sa on December 9, 2013. KIS Wire Co., Ltd. is acquiring 0.47 million shares of TrefilARBED Korea representing 50% stake. For the year ending December 31, 2013, TrefilARBED Korea reported total assets of KRW 412 billion, total liabilities of KRW 53.01 billion and total stockholders' equity of KRW 359 billion. The Board of Directors of KIS Wire Co., Ltd. resolved the transaction on December 9, 2013.

KIS Wire Co., Ltd. (KOSE:A002240) completed the acquisition of the remaining 50% stake in TrefilARBED Korea Co.,Ltd. from Trefilarbed Bissen Sa on May 30, 2014.