# STX Consortium completes acquisition of Korean valve maker PK Valve

The STX consortium completed payment to Heung-A Shipping for 3,642,640 PK Valve shares, becoming PK Valve's largest shareholder in Korea, reported on 30 October 2020.

- Type: Acquisition
- Announced: 2020-10-30
- Where: South Korea
- Status: completed
- Products: industrial valves, LNG ship ultra-low temperature valves
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [STX Corporation](https://endata.com/companies/5807.md) (acquirer)
- [PK Valve Co., Ltd.](https://endata.com/companies/6814.md) (target)
- [STX Marine Services](https://endata.com/companies/7169.md) (acquirer)
- [Heung-A Shipping](https://endata.com/companies/7170.md) (partner)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2020103009462884072), 2020-10-30: "the STX consortium acquired 3,642,640 common shares of PK Valve previously held by Heung-A Shipping Co., Ltd., becoming the largest shareholder"

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