Kum Yang Co., Ltd. agreed to acquire Kumyang Neimenggu Chemical Co., Ltd. for KRW 7 billion.
February 26, 2012 at 11:00 pm
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Kum Yang Co., Ltd. (KOSE:A001570) agreed to acquire Kumyang Neimenggu Chemical Co., Ltd. for KRW 7 billion in cash on February 27, 2012. For the year ended 2010, Kumyang Neimenggu had assets of KRW 5.02 billion and total stockholders' equity of KRW 5.02 billion. Board of Directors of Kum Yang Co., Ltd. resolved the transaction on February 27, 2012. The transaction is expected to close on February 26, 2014. As of February 25, 2014, it was announced that Kum Yang Co., Ltd. agreed to acquire Kumyang Neimenggu Chemical Co., Ltd. for KRW 6.97 billion after revising ther deal value from KRW 13.5 billion.
KUM YANG CO., LTD. is a Korea-based company engaged in the manufacture and sale of chemicals and related products. The Company's product portfolio consists of chemical blowing agents, which are chemical additives used to evolve gas through thermal decomposition and produce foam structures in a polymeric matrix; capsulated blowing agents, which are used for polyvinyl chloride (PVC) sandals, artificial leather, screen printing, printing ink and other areas; master batches, which make processing circumstance clean without flowing powders and chemicals loss; titanium dioxides, which are used for coating industry, plastics and others, as well as flame retardant and other products. The Company distributes its products within domestic market and to overseas markets. On February 26, 2014, it acquired whole shares of KUMYANG NEIMENGGU CHEMICAL CO.,LTD, a China-based blowing agent manufacturing company. After that, the Company holds 100% of KUMYANG NEIMENGGU CHEMICAL CO.,LTD.
KUMYANG CO., LTD. 
