An unknown buyer acquired 54.2% stake in Daewon Cast Steel Co., Ltd. from Daewon Kang Up Co., Ltd., SAMWONSTEEL Co.,Ltd. and Daewon Precision Industrial Company Limited for KRW6.5 billion.
November 10, 2023
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An unknown buyer acquired 54.2% stake in Daewon Cast Steel Co., Ltd. from Daewon Kang Up Co., Ltd. (KOSE:A000430), SAMWONSTEEL Co.,Ltd. (KOSE:A023000) and Daewon Precision Industrial Company Limited for KRW6.5 billion on November 3, 2023.
An unknown buyer completed the acquisition of 54.2% stake in Daewon Cast Steel Co., Ltd. from Daewon Kang Up Co., Ltd. (KOSE:A000430), SAMWONSTEEL Co.,Ltd. (KOSE:A023000) and Daewon Precision Industrial Company Limited for KRW6.5 billion on November 3, 2023.
SAMWONSTEEL Co.,Ltd. is a Korea-based company engaged in the manufacture of steel products. The Company mainly provides rolled products, materials processing, pipes and leaf springs. Its rolled products include round and square edge flat bars used in leaf springs for suspension systems, as well as round bars. Its materials processing include peeled bars and centerless ground (CGP) bars. Its pipes are used as part of stabilizers bars and torsion beams in vehicle suspension systems. Its leaf springs include leaf springs for automobiles such as multi-leaf springs, parabolic leaf springs and others. The Company distributes its products within domestic market and to overseas markets, such as Japan, China, India, America, Poland and others.
An unknown buyer acquired 54.2% stake in Daewon Cast Steel Co., Ltd. from Daewon Kang Up Co., Ltd., SAMWONSTEEL Co.,Ltd. and Daewon Precision Industrial Company Limited for KRW6.5 billion.
SAMWONSTEEL CO.,LTD. 