CPC Co., Ltd. entered into an agreement to acquire NK Aether Co., Ltd from NK Co., Ltd. for KRW 44 billion.
July 20, 2020
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CPC Co., Ltd. entered into an agreement to acquire NK Aether Co., Ltd from NK Co., Ltd. (KOSE:A085310) for KRW 44 billion on July 21, 2020. As reported, CPC Co., Ltd. will acquire 0.5 million shares in NK Aether Co., Ltd The full cash payment will be made at the closing date. NK Aether Co., Ltd reported total assets of KRW 45.6 billion and total capital of KRW 43.6 billion as at June 30, 2020. The Board of Directors of NK Co., Ltd. resolved the transaction on July 21, 2020. The closing date of the transaction will be 5 business days from the date on which all of the prerequisites for closing the transaction are met. The transfer will take place on July 31, 2020.
NK CO., LTD. is a Korean company principally engaged in the manufacture and provision of fire extinguishing systems and high pressure gas cylinders. The Company operates its businesses through fire extinguishing system division, which provides carbon dioxide (CO2) systems for car carriers and engine rooms, loose fire fighting systems used as portable fire extinguishers for small scale fire, foam systems, dry powder systems and others; high pressure gas cylinder division, which provides industrial high pressure gas cylinders, compressed natural gas (CNG) fuel cylinders and industrial special gas cylinders, among others; ballast water treatment division, which provides ballast water treatment facilities, including ozone systems, filtration and electrolysis systems and others, and plant division, which mainly provides plant engineering services and relevant facilities. On December 18, 2013, the Company sold its entire shares of ENK CO., LTD.
NK CO., LTD. 
