- Press Releases
- Here’s what Daesung Group has to say as we soar towards our 100 year vision
| Title | Daesung Group, Taegu City Gas takes over Insight Venture | 2002.08.01 |
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FROM: Taegu City Gas, a subsidiary of the Daesung Group, recently announced that it has taken over the venture capital firm Insight Venture (a subsidiary of Daegu Bank)for 16.5 billion won. Taegu City Gas Chairman Kim Younghoon made the announcement last June 4. On the same day, at the conference room of Insight Venture, the two companies signed an agreement whereby Insight Venture will trade 30.98% (12,392,360 shares) of its equity with Taegu City Gas. The stocks are currently being traded at 1.331 won per share (face value: 500 won) for a total of 16.5 billion won. Chairman Kim noted that this move will effectively position the Daesung Group, which is in the energy supply business, to successfully penetrate the financial as well as information communication and construction business sectors. Insight Venture was founded in 1987 by Daegu Bank under the name Business Incubating Company. |
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| No | Title | Date |
|---|---|---|
| 3 | [Book] More Than Conquerors | 2006.04.21 |
| 2 | [Book] My Cup Overflows | 2006.04.16 |
| 1 | Daesung Group, Taegu City Gas takes... | 2002.08.01 |
