AK Chemtech Acquires Additional 22 Billion KRW Worth of Shares in Subsidiary AK Asset

[Asia Economy Reporter Hwang Yoon-joo] AK Holdings announced on the 9th that its subsidiary AK Chemtech will additionally acquire 22 million shares of its real estate rental subsidiary AK Asset for 22 billion KRW.

After the stock acquisition, AK Chemtech's stake in AK Asset will become 100%. The scheduled date for the stock acquisition is the 26th.

AK Holdings stated that the purpose of this stock acquisition is "business expansion and synergy through linkage with the subsidiary's existing business."