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Flask has agreed to acquire industrial refrigeration component maker Dongmyung Machinery for KRW 8.5 billion, making it a wholly owned subsidiary. Dongmyung Machinery is a tier-one supplier to LG Electronics.
“Flask has agreed to acquire industrial refrigeration component maker Dongmyung Machinery for KRW 8.5 billion, expanding beyond its core construction and interior design business.”alphabiz.co.kr
Summarized from public sources; check the original articles before acting on it.