HAESUNG DS (KRX:195870) will acquire land and buildings in South Korea's Banwol National Industrial Complex from affiliated company Keyang Electric for 68 billion won, according to a Friday filing.
The property comprises 22,466 square meters of land and 21,820 square meters of buildings, the filing said.
The acquisition aims to expand production infrastructure and secure a base in the Seoul metropolitan area, with completion scheduled for Nov. 11.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.