posco- spon adr (PKX:New York)
Transactions by POSCO- SPON ADR (PKX) in the last 6 months
POSCO (KOSE:A005490) acquired an additional 20% stake in POS-HiMetal Co., Ltd. from Dongbu Metal Co., Ltd. for KRW 3.1 million on July 15, 2015. POSCO acquired an additional 3.08 million shares at KRW 1 per share and now holds 85% stake in POS-HiMetal.
POSCO (KOSE:A005490) acquired remaining 15% stake in Posco-Vietnam Co., Ltd. from Nippon Steel & Sumitomo Metal Corporation (TSE:5401) in stock on May 29, 2015. As consideration, POSCO gave 12% interest in a Thai cold-rolling mill in which Nippon Steel holds a 55% investment. In the year ended December 31, 2014, Posco-Vietnam reported total assets of KRW 558.84 billion, net assets of KRW 26.78 billion, revenues of KRW 645.27 billion and net loss of KRW 6.33 billion.
Shinhan Investment Corp., Investment Arm and Shinyoung Securities Co., Ltd., Investment Arm agreed to acquire 24.97% stake in Posco Specialty Steel Co., Ltd. from POSCO (KOSE:A005490) on March 16, 2015. Shinhan Investment Corp. will acquire 1.8 million shares and Shinyoung Securities will acquire 7.19 million shares. The transaction is expected to close on March 18, 2015.
Public Investment Fund agreed to acquire 40% stake in POSCO Engineering & Construction Co., Ltd from POSCO (KOSE:A005490) for KRW 1.5 trillion on February 12, 2015. Public Investment Fund will buy 38% stake from POSCO and will subscribe to new shares. POSCO Engineering & Construction reported assets of KRW 6.6 trillion, liabilities of KRW 3.6 trillion, shareholders' equity of KRW 2.97 trillion, sales of KRW 7.51 trillion and net income of KRW 13.35 billion for the year ...
POSCO Group Academy announced a private placement of 1,800,000 common shares at KRW 5,000 per share with existing investor POSCO for gross proceeds of KRW 9,000,000,000 on February 13, 2015. The transaction is expected to close within February 2015. The transaction was approved by the board of directors of the company.
|Baoshan Iron & Steel Co Ltd||CNY6.63 CNY||-0.06|
|Hebei Iron & Steel Co Ltd||CNY7.00 CNY||0.00|
|JFE Holdings Inc||¥2,317 JPY||-41.50|
|Nippon Steel & Sumitomo Metal Corp||¥278.10 JPY||-3.30|
|ThyssenKrupp AG||€22.78 EUR||+0.018|
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