E& Corporation CO., LTD. completed the acquisition of Hansung Cleantech Co., Ltd. from WHITE WHALE Private Equity Fund II managed by WWG ASSET MANAGEMENT Co., Ltd. and others.
March 18, 2021
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E& Corporation CO., LTD. (KOSDAQ:A066980) agreed to acquire Hansung Cleantech Co., Ltd. from WHITE WHALE Private Equity Fund II managed by WWG ASSET MANAGEMENT Co., Ltd. and others for KRW 43 billion on March 4, 2021. As reported, E& Corporation CO. will acquire 500,000 shares in Hansung Cleantech Co., Ltd. for cash payment. A down payment of KRW 4.3 billion will be made on March 4, 2021 and the balance payment of KRW 38.7 billion will be made on March 19, 2021. The acquisition will be self-funded by E& Corporation. The Board of Directors of E& Corporation resolved the transaction on March 4, 2021. The scheduled date of transfer is March 19, 2021.
E& Corporation CO., LTD. (KOSDAQ:A066980) completed the acquisition of Hansung Cleantech Co., Ltd. from WHITE WHALE Private Equity Fund II managed by WWG ASSET MANAGEMENT Co., Ltd. and others on March 19, 2021.
Hansung Cleantech Co Ltd, formerly E& Corporation Co Ltd is a Korea-based company primarily engaged in the environmental facility construction business. The Company operates its business through four segments. The Environmental Facilities Construction segment is engaged in the operation of industrial water treatment business. The Environmental Equipment Business segment is engaged in the provision of environmental facility operation services such as sewage treatment plants and incineration facilities. The Liquid Designated Waste Business segment is engaged in the operation of industrial wastewater treatment industry. The Content Business segment is engaged in the provision of online lottery information services and webtoon services.
E& Corporation CO., LTD. completed the acquisition of Hansung Cleantech Co., Ltd. from WHITE WHALE Private Equity Fund II managed by WWG ASSET MANAGEMENT Co., Ltd. and others.
HANSUNG CLEANTECH CO., LTD. 