SeAH Special Steel Co., Ltd. cancelled the acquisition of an unknown stake in POS-SeAH Steel Wire(Tianjin) Co., Ltd.
September 27, 2013 at 09:30 am IST
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SeAH Special Steel Co., Ltd. (KOSE:A019440) agreed to acquire an unknown stake in POS-SeAH Steel Wire(Tianjin) Co., Ltd. for KRW 8.1 billion on September 27, 2012.
SeAH Special Steel Co., Ltd. (KOSE:A019440) cancelled the acquisition of an unknown stake in POS-SeAH Steel Wire(Tianjin) Co., Ltd. on September 27, 2013.
SeAH SPECIAL STEEL CO.,LTD. is a Korea-based company engaged in the manufacture of steel products. The Company's product portfolio consists of cold heading quality (CHQ) wires and cold drawn (CD) bars. Its CHQ wires are used in making coupling parts, such as bolts, nuts and small screws, and in parts for machines, such automobiles and electrical equipments. Its CD bars are mainly used as machines parts and electronics materials. In addition, the Company produces stainless steel (STS) bars and others. The Company distributes its products within domestic market and to overseas markets.