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Sung Woo Hitech Co., Ltd. to Acquire WMU Weser Metall Umformtechnik GmbH & Co.KG
Sung Woo Hitech Co., Ltd. announced that it will acquire a certain shares of a German-based automobile parts manufacturer, WMU Weser Metall Umformtechnik GmbH & Co.KG, for KRW 23,729,022,672, to participate in the operations. After the transaction, the Company will hold a 100% stake of WMU Weser Metall Umformtechnik GmbH & Co.KG. The expected transaction settlement date is June 21, 2012.
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