BGFecomaterials CO., LTD. agreed to acquire 42.76% stake in KNW Co., Ltd. from Oh, Won Seok, Oh, Beom Seok, Cho, Choon Ji, Cho, Sung Il and Hong, Kwon Ki for KRW 63.5 billion.
May 24, 2023
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BGFecomaterials CO., LTD. agreed to acquire 42.76% stake in KNW Co., Ltd. (KOSDAQ:A105330) from Oh, Won Seok, Oh, Beom Seok, Cho, Choon Ji, Cho, Sung Il and Hong, Kwon Ki for KRW 63.5 billion on May 25, 2023. As part of transaction, BGFecomaterials will acquire 5,189,245 shares. The transaction is expected to close on August 25, 2023.
BGFEcomaterials Co Ltd, formerly Kopla Co Ltd, is a Korea-based company engaged in the manufacture and sale of high functional polymer materials. The Company's products include polyamide (PA) 66, PA6, polybutylene terephthalate (PBT), polycarbonate (PC), polyethylene terephthalate (PET), polypropylene (PP) and acrylonitrile butadiene styrene (ABS). Its products are applied in automobile components, such as engine head covers, transmissions, radiator tanks, electrical components and others; electrical and electronic components, such as cable ties and bobbins, and other industrial products, such as furniture, sports goods, electronic tools and others. The Company distributes its products within domestic market and to overseas markets.
BGFecomaterials CO., LTD. agreed to acquire 42.76% stake in KNW Co., Ltd. from Oh, Won Seok, Oh, Beom Seok, Cho, Choon Ji, Cho, Sung Il and Hong, Kwon Ki for KRW 63.5 billion.