Taiheung Co., Ltd. completed the acquisition of building and land at 17-3 Yeoeuido-dong from Samwhan Camus Co., Ltd..
December 30, 2014 at 11:00 pm
Share
Taiheung Co., Ltd. signed a contract to acquire building and land at 17-3 Yeoeuido-dong from Samwhan Camus Co., Ltd. (KOSE:A013700) for KRW 92 billion on November 14, 2014. The consideration comprised of a down payment of KRW 4.6 billion; KRW 68.9 billion payable on December 29, 2014 and KRW 18.5 billion was paid on December 31, 2014. The land has been acquired for KRW 72.2 billion and the building for KRW 19.8 billion. The Board of Directors of Samwhan Camus resolved for the deal on November 14, 2014. The deal is expected to close on December 15, 2014. As of December 15, 2014, the expected closing has been amended to December 31, 2014.
Taiheung Co., Ltd. completed the acquisition of building and land at 17-3 Yeoeuido-dong from Samwhan Camus Co., Ltd. (KOSE:A013700) on December 31, 2014.
CAMUS ENGINEERING & CONSTRUCTION Inc., formerly SAMWHAN CAMUS CO., LTD is a Korea-based company mainly engaged in the construction business. The Company is involved in the construction of residential buildings construction, office buildings and commercial buildings, and reconstruction business and others. It also operates civil engineering business, which engages in the construction of roads, tunnels, subways, railways and others. It also engages in the manufacture and distribution of precast concretes (PCs) used in construction. In addition, the Company involves in the real estate leasing business. Its main clients are Korea Land and Housing Corporation, Halla Engineering and Construction Corporation, Citibank, Hyundai Capital Services, Inc. and others.