Dayou Plus to buy 49% stake in Industrias Seimex

South Korea’s information communication device manufacturer, Dayou Plus Co., Ltd. unveiled a plan to acquire 49.99% shares in a Mexican car parts manufacturer, Industrias Seimex, S.A. de C.V., at Korean won (KRW) 2.05 billion or JPY 199.85 million as of April 23, 2019. Dayou Plus is headquartered in Seongnam, Gyeonggi Province, and an aluminum wheel manufacturer, Dayou Global, and a steering wheel manufacturer, Dayou AP, are Dayou Plus’ subsidiaries. (From a press release on March 28, 2019)