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Alpha Aero, ASTK's largest shareholder, has invested KRW 12 billion in KAF Aero through a third-party allocated capital increase. The funds will be used to build a multi-purpose aerospace production infrastructure on a 16,500 m² site in the Jongpo Industrial Complex, Sacheon City, near ASTK's headquarters, with completion targeted by end of October.
“Alpha Aero, ASTK’s largest shareholder, signed a new share subscription agreement with KAF Aero, and it plans to pay in the capital increase proceeds on the 27th.”bccmedianews.com
Summarized from public sources; check the original articles before acting on it.