Daesung Industrial Decides to Acquire DS Power Shares Worth 26.5 Billion KRW

[Asia Economy Reporter Minji Lee] Daesung Industrial announced on the 2nd that it acquired 2.71 million shares of DS Power for 26.55869 billion KRW. After the acquisition, the number of shares owned reached 9.002 million, accounting for a 49.95% stake.

The company explained, "The acquisition was made through the exercise of preemptive rights," adding, "It is intended to establish a profitability improvement model through increased expected profits from LNG power plants and expansion into new businesses."