Motrex takes over Junjin Heavy at W261.6b

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Motrex takes over Junjin Heavy at W261.6b

PUBLISHED :October 16, 2018 - 10:35
UPDATED :October 16, 2018 - 10:35

[DISCLOSURE] Motrex (118990) announced on Oct. 16 that it has decided to form a consortium with Well to Sea Investment and acquire entire 9,064,374 shares of Junjin Heavy Industry, except for its 1,608,850 treasury stocks, at 261.6 billion won (US$232.18 million) “to secure growth momentum by diversifying businesses.”

By Hwang You-mee (glamazon@heraldcorp.com)

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Motrex takes over Junjin Heavy at W261.6b

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