The Korea Herald

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SeAH BeSteel consolidate controlling stake in SeAH CSS up to 74.8%

By 황유미

Published : July 1, 2016 - 15:38

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[DISCLOSURE] SeAH BeSteel (001430) announced on July 1 that it has acquired 7.19 million shares of its affiliate SeAH CSS for 166.8 billion won (US$144.9 million) to consolidate its controlling stake. This amounts to 8.7 percent of its equity capital and it now owns 74.8 percent of its subsidiary.