Hyosung Advanced Materials Corporation (KOSE:A298050) signed an letter of intent to acquire GST Global GmbH from Hyosung Corporation (KOSE:A004800) for KRW 23.2 billion on December 27, 2019. As of December 31, 2018, GST Global GmbH had total assets of KRW 482 billion. The transaction is expected to close on December 31, 2019.
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- Hyosung Advanced Materials Corporation signed an letter of intent to acquire GST Global GmbH from Hyosung Corporation for KRW 23.2 billion.