Asahi Glass Ups Stake in S. Korean Glass Maker to 51 Pct

Asahi Glass Co. said Tuesday that it has raised its equity stake in Hankuk Electric Glass Co. of South Korea to 51.47 pct from 42.76 pct through a tender offer.

In the tender that ran from Nov. 2 to last Wednesday, Asahi Glass purchased some 703,000 Hankuk shares for 21.1 billion won, the company said.

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