Asahi Glass Ups Stake in S. Korean Glass Maker to 51 Pct

Date: 29 November 2007
Source: Japancorp.net

Date: 29 November 2007

Asahi Glass Co. said Tuesday that it has raised its equity stake in Hankuk Electric Glass Co. of South Korea to 51.47 pct from 42.76 pct through a tender offer.





In the tender that ran from Nov. 2 to last Wednesday, Asahi Glass purchased some 703,000 Hankuk shares for 21.1 billion won, the company said.



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