Miwon Holdings Co., Ltd. acquired an additional 13.05% stake in Miwon Specialty Chemical Co., Ltd. from Miwon Commercial Co., Ltd., Mihwa Logistics Co., Ltd., Taekwang Fine Chemical Company Limited, Misung Mool San Co.,Ltd., Kim, Chong-Don and Yun, Bong Hwa for KRW 42.5 billion.
June 21, 2017
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Miwon Holdings Co., Ltd. (KOSE:A107590) acquired an additional 13.05% stake in Miwon Specialty Chemical Co., Ltd. (KOSE:A268280) from Miwon Commercial Co., Ltd. (KOSE:A002840), Mihwa Logistics Co., Ltd., Taekwang Fine Chemical Company Limited, Misung Mool San Co.,Ltd., Chong-Don Kim and Bong Hwa Yun for KRW 42.5 billion on June 22, 2017. Miwon Holdings acquired an additional 0.68 million shares and issued 0.46 million shares as consideration. Miwon Commercial, Mihwa Logistics, Taekwang Fine Chemical, Misung Mool San, Chong-Don Kim and Bong Hwa Yun sold 0.32 million, 0.04 million, 0.05 million, 0.02 million, 0.17 million and 0.13 million shares respectively. Post-closing, Miwon Holdings holds 1.04 million shares and Miwon Commercial will not hold any shares in Miwon Specialty Chemical. Hanmi Accounting Corporation acted as external rating institution in the deal.
Miwon Holdings Co., Ltd. (KOSE:A107590) completed the acquisition of an additional 13.05% stake in Miwon Specialty Chemical Co., Ltd. (KOSE:A268280) from Miwon Commercial Co., Ltd. (KOSE:A002840), Mihwa Logistics Co., Ltd., Taekwang Fine Chemical Company Limited, Misung Mool San Co.,Ltd., Chong-Don Kim and Bong Hwa Yun on June 22, 2017.
Miwon Specialty Chemical Co., Ltd. is a Korea-based company engaged in the manufacture and distribution of specialty chemicals. The Company mainly produces ultraviolet (UV) coating materials, including monomers, such as acrylates and methacrylates; oligomers, such as epoxy, urethane, polyester, silicone, dendritic acrylates and others, as well as other specialties, such as photo initiators, amine synergist, sucrose benzoate, epoxy diluents and powder coating additives. The Companyâs products are used for ink, automobiles, cell phones, home appliances and others. The Company provides its products mainly under the brand name of MIRAMER.
Miwon Holdings Co., Ltd. acquired an additional 13.05% stake in Miwon Specialty Chemical Co., Ltd. from Miwon Commercial Co., Ltd., Mihwa Logistics Co., Ltd., Taekwang Fine Chemical Company Limited, Misung Mool San Co.,Ltd., Kim, Chong-Don and Yun, Bong Hwa for KRW 42.5 billion.
MIWON SPECIALTY CHEMICAL CO., LTD. 
