Super One Co., Ltd. acquired 3.2% stake in SMARK Co., Ltd. from UPI International Co., Ltd. for KRW 2.5 billion.
December 13, 2016
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Super One Co., Ltd. acquired 3.2% stake in SMARK Co., Ltd. (KOSDAQ:A030270) from UPI International Co., Ltd. for KRW 2.5 billion on December 14, 2016. Super One acquired 1 million shares at an offer per share of KRW 2529.
Super One Co., Ltd. completed the acquisition of 3.2% stake in SMARK Co., Ltd. (KOSDAQ:A030270) from UPI International Co., Ltd. on December 14, 2016.
SMARK CO., LTD, formerly KAHEE CO., LTD is a Korea-based company engaged in the manufacture and distribution of yarns. The Company produces cotton yarns, combed cotton yarns, blended yarns, slub yarns, core yarns and compact yarns for knitting, weaving and industrial uses. It also provides ring combed cotton yarns, ring slub yarns, stretch core spun yarns and others. The Company operates Gaju mills and Sinni mills with open ended spinners, which are also known as air spinnings, as well as ring spinners. The Company distributes its products within domestic market and to overseas markets.