DIC Decides to Return Its 50% Interest In Aekvung Chem JV to AK Holdings

摘要

Tokyo-DIC Corp.has reached an agreement with AK Holdings to return its 50% stake in their synthetic resins production and sales joint venture,Aekyung Chemical,to AK and dissolve the joint venture agreement.”As a result of repeated candid discussions between DIC and AK Holdings regarding their visions for Aekyung Chemical held to explore the company's future direction,it was concluded that the best option from the perspective of Aekyung Chemical's continued growth and evolution was for the company to continue operating with AK Holdings as its single principal shareholder,”DIC explained.