Haesung Industrial Co., Ltd. (KOSDAQ:A034810) made an offer to acquire additional 18% stake in Keyang Electric Machinery Co., Ltd. (KOSE:A012200) for KRW 27.3 billion on January 13, 2021. Under the term, Haesung Industrial ill acquire 5.87 million shares of Keyang Electric Machinery at KRW 4,646 per share. The offer period will start on February 15, 2021 and will end on March 8, 2021. The settlement date of the offer is March 11, 2021. Daishin Securities Co., Ltd. acted as a manager in this transaction.

Haesung Industrial Co., Ltd. (KOSDAQ:A034810) completed the acquisition of additional 15.93% stake in Keyang Electric Machinery Co., Ltd. (KOSE:A012200) for KRW 24.1 billion on March 8, 2021. As a result of the tender offer, 5.19 million shares were tendered. As a result of the transaction, Haesung holds 34% stake in Keyang.