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The Korea Herald
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THE INVESTOR
April 16, 2024

Market Now

STX, STX Engine acquires additional stake in STX Heavy Industries

  • PUBLISHED :January 16, 2017 - 09:31
  • UPDATED :January 16, 2017 - 09:31
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[DISCLOSURE] STX (011810) announced on Jan. 16 that its stake in STX Heavy Industries will increase to 11.6 percent due to a debt-to-equity swap following the approval of the STX Heavy Industry rehabilitation plan.

The number of shares acquired is 29,864,4456, worth 74.21 billion won (US$63.02 million).

STX Engine (077970) will also acquire 362,3356 shares, which will increase STX Heavy's stake to 1.72 percent.

The date of acquisition is Feb. 7.

(theinvestor@heraldcorp.com)

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