Acquisition of the shares of the Korean company conducting cutting processing of aluminum plates and whole sale
Kobelco Tsutsunaka Trading, Co., Ltd. (hereinafter, “Kobelco Tustsunaka Trading”), a subsidiary of Shinsho Corporation, acquired the shares of Korea Tsutsunaka & Namekawa Aluminum Co., Ltd. from Tsutsunaka Metal Industry Co., Ltd. in May 2015 to make it a subsidiary under a new corporate name of KTN Co., Ltd. (hereinafter, “KTN”).
KTN runs cutting processing of high-precision aluminum plates and whole sale business thereof in Korea. KTN is the first base of nonferrous metal processing and sales for the Shinsho group in the country. Through KTN, we promote efficiency of supply chains for overseas customers.Shinsho Corporation pursues aggressive business development in the future in cooperation with Kobelco Tsutsunaka Trading and KTN.
|Name||KTN Co., Ltd.|
|Address||#130 Maesan-ri, Mohyeon-myun, Cheoin-gu, Yongin-si, Kyonggi-do, Korea 449-853|
|Outline of Business||Cutting processing of the aluminum plate and whole sales|
|Shareholding Ratio||KOBELO TSUTSUNAKA TRADING, CO., LTD. 88.89% |
Namekawa Keido Co., Ltd. 11.11%
|Number of Employees||10|