BGF to buy 56.89% stake in KNW for KRW 81.75 billion
Bitget2026/10/07 08:33BGF will buy 9,113,891 KNW shares from its subsidiary BGF Eco Materials for KRW 81.75 billion. The stake equals 56.89% of KNW, a Korean auto parts maker. The block trade was agreed on Oct. 7, with settlement scheduled for Oct. 12. The deal values the purchase at 4.04% of BGF’s consolidated equity as of FY2025 year-end. BGF cited a governance reorganization aimed at improving management efficiency. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BGF Co. Ltd. published the original content used to generate this news brief via DART, the regulatory disclosure system operated by the South Korea Financial Supervisory Service (FSS) (Ref. ID: 20261007800550), on October 07, 2026, and is solely responsible for the information contained therein.
- BGF will buy 9,113,891 KNW shares from its subsidiary BGF Eco Materials for KRW 81.75 billion.
- The stake equals 56.89% of KNW, a Korean auto parts maker.
- The block trade was agreed on Oct. 7, with settlement scheduled for Oct. 12.
- The deal values the purchase at 4.04% of BGF’s consolidated equity as of FY2025 year-end.
- BGF cited a governance reorganization aimed at improving management efficiency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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