HS Hyosung Advanced Materials, a KOSPI-listed company, announced on May 30 that it will invest approximately 69.1 billion KRW in GST Global GmbH, its German subsidiary specializing in the manufacturing and sales of airbag cushions and fabrics.
Following the investment, its ownership stake is expected to reach 100%.
HS Hyosung Advanced Materials stated that the purpose of this investment is "to improve GST's financial structure and to restructure its business operations."
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