Woosung Corporation Co.,Ltd. acquired 6.12% stake in Saehwa IMC Co., Ltd. from Ally Company Inc.
December 23, 2019
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Woosung Corporation Co.,Ltd. signed a contract to acquire 6.12% stake in Saehwa IMC Co., Ltd. (KOSE:A145210) from Ally Company Inc. on December 24, 2019. Under the term, Woosung will acquire 1.8 million shares of Saehwa. The transaction is subject to approval of joint management of creditors and approval by the Korea Credit Bank.
Woosung Corporation Co.,Ltd. completed the acquisition of 6.12% stake in Saehwa IMC Co., Ltd. (KOSE:A145210) from Ally Company Inc. on December 24, 2019. On March 18, 2020. the transaction was approved by the the Bank of Korea Autonomy Agreement.
Dynamic Design Co Ltd, formerly Saehwa IMC Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of tire molds. The Company operates its business through three segments. The Tire Mold segment is engaged in the manufacture and sale of tire molds and accessory molds. The Tire Manufacturing Equipment segment is engaged in the manufacture of tire manufacturing equipment such as molding machines, drums, among others. The Other segment is engaged in the manufacture of masks. The Company sells its products within domestic to foreign markets.
DYNAMIC DESIGN CO., LTD. 
