Compact and utility tractor manufacturer Tong Yang Moolsan (TYM) plans closer cooperation with the Branson Tractors unit of fellow South Korean manufacturer Kukje Machinery Company now that TYM has taken full control of the Kukje business.
In 2016, TYM effectively acquired Kukje through a special purpose company, indirectly owning 27.1% or KRW16 billion ($13 million) of its shares.
It has now acquired all the remaining shares for KRW55.8 billion ($46.8 million) to make Kukje Machinery…
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