Fidelity Management & Research Company and four related parties acquired 5.3% stake in Korea Steel Shapes Co., Ltd. from Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund:FLPS.X), managed by Fidelity Investments, two related party.
May 16, 2014 at 12:00 am EDT
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Fidelity Management & Research Company, four related parties and other buyers acquired 5.3% stake in Korea Steel Shapes Co., Ltd. (KOSE:A007280) from Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund:FLPS.X), managed by Fidelity Investments, two related party on May 16, 2014. Under the terms of the transaction, Fidelity Management & Research Company and four related parties acquired 0.053 million shares and Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund:FLPS.X), managed by Fidelity Investments and two related parties sold 0.056 million shares. Post closing, Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund:FLPS.X), managed by Fidelity Investments, two related parties does not hold any stake in Korea Steel Shapes Co., Ltd.
Fidelity Management & Research Company and four related parties completed the acquisition of 5.3% stake in Korea Steel Shapes Co., Ltd. (KOSE:A007280) from Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund:FLPS.X), managed by Fidelity Investments, two related party on May 16, 2014.
Korea Steel Co Ltd, formerly Korea Steel Shapes Co Ltd, is a Korea-based company mainly engaged in the manufacturing and sale of steel products. The Companyâs products include billets, section steels, such as equal angles, un-equal angles, channels, checked channels, elevator rails, profiles and others, steel bars, such as round steel bars, screw bar steels and square bar steels, as well as flat steels, among others. It also provides related by-products. The Companyâs products are used in shipbuilding, machinery, construction, civil engineering and other industries. The Company distributes its products within domestic market and to overseas markets.
Fidelity Management & Research Company and four related parties acquired 5.3% stake in Korea Steel Shapes Co., Ltd. from Fidelity Puritan Trust - Fidelity Low-Priced Stock Fund (MutualFund: FLPS.X), managed by Fidelity Investments, two related party.
KOREA STEEL CO., LTD. 
