# Daeyang Metal acquires 50.55% stake in Youngpoong Paper for KRW 128.9 billion

Daeyang Metal announced it will acquire a 50.55% stake in Youngpoong Paper, a manufacturer of base paper and corrugated cardboard, from Growth No.1 Investment Purpose Co. (Q Capital) for approximately KRW 128.9 billion.

- Type: Acquisition
- Announced: 2022-06-14
- Where: South Korea
- Value: $100.0M (128.9B KRW)
- Status: announced
- Products: base paper, corrugated cardboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Daeyang Metal](https://endata.com/companies/63456.md) (acquirer)
- [Youngpoong Paper](https://endata.com/companies/63457.md) (target)
- [Growth No.1 Investment Purpose Co. (Q Capital)](https://endata.com/companies/63458.md) (partner)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20220614137800003), 2022-06-14: "대양금속은 영풍제지의 최대 주주인 그로쓰제일호투자목적주식회사(큐캐피탈)로부터 영풍제지 지분 50.55%를 1천289억여원에 인수한다고 14일 공시했다."

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