Shares purchase agreementShares Purchase Agreement • March 19th, 2010 • Posco • Steel works, blast furnaces & rolling mills (coke ovens)
POSCO has entered into a shares purchase agreement with Chun Jung-do(chairman and the largest shareholder of SUNG JIN GEOTEC Co., Ltd.), Mirae Asset MAPS Investment Management Co., Ltd. and Mirae Asset Venture Investment Co., Ltd. on March 17, 2010. POSCO is planning to acquire 12,345,110 shares of SUNG JIN GEOTEC Co., Ltd. (40.4% stake in the SUNG JIN GEOTEC Co., Ltd.’s outstanding shares) worth KRW 159,251,919,000. The shares purchase agreement will be effective based on resolution of Board of Directors of POSCO and approval for mergers and acquisitions of Fair Trade Commission.
