Dongwon Systems Corporation completed the acquisition of Daihan Eunpakgy Co. Ltd.
January 27, 2013 at 11:00 pm
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Dongwon Systems Corporation (KOSE:A014820) signed a statutory merger agreement to acquire Daihan Eunpakgy Co. Ltd (KOSE:A007480) for approximately KRW 13.3 billion on September 24, 2012. The exchange ratio of Dongwon Systems Corporation and Daihan Eunpakgy Co Ltd is 1:0.19, which means approximately 12.02 million common shares of Dongwon Systems will be issued with the merger. For fractional share less than a share created from new share allocation, it will be paid in cash to stakeholders who will hold the fractional shares by computing the amount based on closing price on the first trading day of Dongwon Systems' new shares issued upon merger, after listing on Korea Exchange. The transaction is subject to approval by shareholders of Dongwon Systems. The general meeting of shareholders of Dongwon Systems is schedule to take place on November 23, 2012. On November 23, 2012, shareholders of Dongwon Systems approved the transaction. The submission date of certificate is from November 24, 2012 to December 31, 2012 while creditors can submit their objection between November 24, 2012 to December 24, 2012.
Dongwon Systems Corporation (KOSE:A014820) completed the acquisition of Daihan Eunpakgy Co. Ltd (KOSE:A007480) on January 28, 2013.
CHOIL ALUMINUM CO., LTD. is a Korea-based company engaged in the manufacturing and marketing of aluminum products. The Company's products consist of coiled sheets used for foil stocks, fin stocks, condenser cases, mold transformers, electrical wire covers and insulator covering materials; sheets and plates used for litho sheets, cosmetic caps, pilfer proof (PP) caps, closure sheets, name plates and sound proofing walls; embossed sheets used for exterior and interior decorations for construction; circled sheets used for household goods and reflectors for lights, as well as bands used in cosmetic caps and electrical parts and electronic parts. The Company distributes its products within domestic market and to overseas markets including Southeast Asia, China, Japan, the United States and Europe.
CHOIL ALUMINUM CO., LTD. 