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Hankook & Company acquires Hanon Systems

Author: Stephen Goodchild Comments: 0
(Photo: Stephen Goodchild/Tyre Industry Publications Ltd)

Some 180 days after signing a memorandum of understanding with Hahn & Company in May, on 31 October Hankook & Company Group (formerly Hankook Tire Group) entered into share purchase agreements for the acquisition of Hanon Systems Co. Ltd. The company has executed the acquisition through its core business, Hankook Tire & Technology (Hankook Tire), and now holds a 54.77 per cent stake in Hanon Systems.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Technodome gains trio of safety certifications
  3. Hankook Tire chairman Cho indicted
  4. Hankook Tire becomes majority shareholder of Hanon Systems
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