Toray Advanced Materials Korea Inc., a wholly-owned unit of Tokyo-based Toray, agreed on the 430 billion won ($405 million) acquisition yesterday with Woongjin Holdings Co. (016880), holder of a 46 percent stake in Woongjin Chemical, and others, Toray said in a filing to the Tokyo Stock Exchange. (1345)
Toray, which makes filters to clean water, won preferential bidding rights for the stake in September.
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