AST "Additional Acquisition of AESTG Shares for 12.7 Billion KRW"

[Asia Economy Reporter Kwon Jaehee] AST announced on the 6th that it will additionally acquire 2.68 million shares of its aircraft parts manufacturing subsidiary AESTG for approximately 12.7 billion KRW.

After the stock acquisition, AST's stake in AESTG will be 98.9%.

The scheduled date for the stock acquisition is the 17th.

AST stated that the purpose of this stock acquisition is "to strengthen control through securing shares of the subsidiary."