Yoo, Donghwan cancelled the acquisition of additional 8.42% stake in Saehwa IMC Co., Ltd. from TOF/STIC Co-Investment Fund SPC and STIC Korea Integrated-Technologies New Growth Engine Private Equity Fund, managed by STIC Investments, Inc.
March 21, 2018
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Yoo, Donghwan signed a definitive agreement to acquire additional 8.42% stake in Saehwa IMC Co., Ltd. (KOSE:A145210) from TOF/STIC Co-Investment Fund SPC and STIC Korea Integrated-Technologies New Growth Engine Private Equity Fund, managed by STIC Investments, Inc for KRW 7 billion on February 22, 2017. Under the terms of the transaction, Yoo, Donghwan acquired 1 million shares of Saehwa IMC Co., Ltd. at KRW 7000 per share. TOF/STIC Co-Investment Fund will sell 0.36 million and STIC Korea Integrated-Technologies New Growth Engine Private Equity Fund will sell 0.64 million shares as part of the transaction. The transaction is expected to complete on May 31, 2017. As on June 8, 2017, Yoo, Donghwan acquired 0.49 million shares on May 31, 2017, the remaining shares will be acquired soon. The acquisition of 0.097 million shares was completed on September 5, 2017 and the acquisition of remaining 0.41 million shares will be executed later on.
Yoo, Donghwan cancelled the acquisition of additional 8.42% stake in Saehwa IMC Co., Ltd. (KOSE:A145210) from TOF/STIC Co-Investment Fund SPC and STIC Korea Integrated-Technologies New Growth Engine Private Equity Fund, managed by STIC Investments, Inc on March 22, 2018.
Dynamic Design Co Ltd, formerly Saehwa IMC Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of tire molds. The Company operates its business through three segments. The Tire Mold segment is engaged in the manufacture and sale of tire molds and accessory molds. The Tire Manufacturing Equipment segment is engaged in the manufacture of tire manufacturing equipment such as molding machines, drums, among others. The Other segment is engaged in the manufacture of masks. The Company sells its products within domestic to foreign markets.
Yoo, Donghwan cancelled the acquisition of additional 8.42% stake in Saehwa IMC Co., Ltd. from TOF/STIC Co-Investment Fund SPC and STIC Korea Integrated-Technologies New Growth Engine Private Equity Fund, managed by STIC Investments, Inc.
DYNAMIC DESIGN CO., LTD. 
