[DISCLOSURE]
Nexen Tire (002350) announced on Jan. 18 that it has acquired a stake in its subsidiary Nexen Tire Corporation Czech s.r.o for 37.95 billion won (US$32.60 million). This is equivalent to 3.7 percent of its equity capital.
As a result, Nexen Tire now wholly owns its Czech Republic subsidiary.
(
theinvestor@heraldcorp.com)