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July 20, 2019

Hyosung becomes largest stakeholder of affiliates

PUBLISHED : December 24, 2018 - 09:47

UPDATED : December 24, 2018 - 13:28

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[DISCLOSURE] Hyosung Advanced Materials (298050) and Hyosung TNC (298020) announced on Dec. 21 that their largest stakeholder has changed to Hyosung (004800) and 8 others from Cho Hyun-joon and 10 others in separate statements.

Hyosung Chemical (298000) and Hyosung Heavy Industries (298040) also announced that their largest stakeholder has changed to Hyosung and 9 others from Cho Hyun-joon and 10 others. 

Hyosung is seeking to shift to a holdings company and will own 21.20 percent stake in Hyosung Advanced Materials, 20.17 percent in Hyosung Chemical, 20.32 percent in Hyosung TNC and 32.47 percent in Hyosung Heavy Industries.   

By Hwang You-mee (glamazon@heraldcorp.com)

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