WOORY INDUSTRIAL HOLDINGS CO.,LTD. Subsidiary Woory Industrial to acquire 100% of an auto parts maker for KRW 57.8 billion
WAI summary · Not investment advice
Subsidiary WOORY INDUSTRIAL CO.,LTD. will acquire all shares (100%) of an automotive parts maker for KRW 57.8 billion (46.89% of its equity).
Acquisition amount
KRW 57.8 billion
Subsidiary WOORY INDUSTRIAL · 46.89% of equity
Key facts
- Subsidiary
- WOORY INDUSTRIAL CO.,LTD.
- Purpose of transaction
- Strengthen competitiveness by bringing key parts production in-house and improve governance transparency
- Counterparty
- WOORY INDUSTRIAL HOLDINGS CO.,LTD. and 1 otherLargest shareholder of WOORY INDUSTRIAL
- Payment terms
- Cash · 10% down payment on 2026.10.15 · balance on 2027.01.15 · own funds
- External valuation opinion
- AppropriateHanmi Accounting Corporation
- Board resolution date
- Oct 15, 2026
Commentary
AI commentary · Not investment advice
What happened
WOORY INDUSTRIAL CO.,LTD., a subsidiary of WOORY INDUSTRIAL HOLDINGS, will acquire all 477,490 shares of an automotive parts maker for KRW 57.8 billion. The sellers are WOORY INDUSTRIAL HOLDINGS CO.,LTD., its largest shareholder, and one other party. The target makes heater controls and high-voltage PTC parts for cars. It is a related party of the largest shareholder.
In the company's terms
The price equals 46.89% of the subsidiary's equity of KRW 123.4 billion at the end of 2025 on a consolidated basis. It is 16.91% of total assets of KRW 342.2 billion. The company said the aim is to bring key parts production in-house (vertical integration) and improve governance transparency. Hanmi Accounting Corporation judged the price appropriate.
What changes for shareholders
After closing, the subsidiary will own 100% of the target. It will pay in cash from its own funds: a 10% down payment on 2026.10.15 and the balance on 2027.01.15. The schedule may change by agreement.
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