TK Chemical Acquires Additional KRW 19 Billion Worth of Shares in Daehan Shipping

[Asia Economy Reporter Lee Jung-yoon] TK Chemical announced on the 16th that it has decided to additionally acquire 7,350,646 shares of its affiliate company, Daehan Shipping, for 19,038,173,140 KRW.

This amounts to approximately 7.12% of the company's equity capital. After the acquisition, the total number of shares owned will be 36,285,226, representing a stake of about 11.37%. The scheduled acquisition date is June 17, 2021. The company stated that this is "to enhance the corporate value of the affiliate and to maintain the shareholding ratio."