KG Steel Now Largest K Car Shareholder

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Hahn & Co. Auto Services Holdings and KG Steel have completed a transaction on Monday involving K Car (KRX:381970) shares, according to a Tuesday filing with the Korea Exchange.

Hahn & Co. Auto Services Holdings previously agreed to sell all of its shares in the company, comprising 35,255,670 shares, to KG Steel and In-Guk Jung.

Following the transaction's completion, KG Steel now becomes the company's largest shareholder with a 52.52% stake, or equivalent to about 25.6 million shares.

The secondhand car trading platform also appointed Jung as CEO following the transaction's completion.

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Auto Services Holdings and KG Steel have completed a transaction on Monday involving <a href=\"https://laohu8.com/S/TKKD.SI\">K</a> Car (KRX:381970) shares, according to a Tuesday filing with the Korea Exchange.</p><p>Hahn &amp; Co. 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