# Kumkang Kind to acquire 57.5% stake in Kspvalve for 10.5 billion won

Kumkang Kind plans to acquire 21 million shares in Kspvalve worth 10.5 billion won, giving it a 57.5 percent stake after the transaction.

- Type: Acquisition
- Announced: 2018-10-19
- Where: South Korea
- Value: $9.40M (10.5B KRW)
- Status: announced
- Products: valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Kumkang Kind](https://endata.com/companies/4059.md) (acquirer)
- [Kspvalve](https://endata.com/companies/4060.md) (target)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/kumkang-kind-KRX:014280/news/brief-kumkang-kind-to-acquire-21-mln-shares-in-kspvalve-019e6b74-4669-73df-907d-99c3d13d8fec/), 2018-10-19: "Says it plans to acquire 21 million shares in Kspvalve worth 10.5 billion won to hold 57.5 percent stake after the transaction."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.