NKTECH Co., Ltd. acquired an additional 7.43% stake in NK Co., Ltd. from Park, Yoon So for KRW 5.1 billion.
November 21, 2013 at 11:00 pm
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NKTECH Co., Ltd. acquired an additional 7.43% stake in NK Co., Ltd. (KOSE:A085310) from Park, Yoon So for KRW 5.1 billion in cash on November 22, 2013. NKTECH acquired an additional 1.43 million shares of NK Co. for KRW 3,540 per share. Pursuant to the transaction, the holding of Yoon So reduced to 9.7 million shares in NK Co. and NKTECH's holding increased to 6.72 million shares in NK Co. The transaction was funded with KRW 51 million in own funds and KRW 5 billion in loan.
NKTECH Co., Ltd. completed the acquisition of an additional 7.43% stake in NK Co., Ltd. (KOSE:A085310) from Park, Yoon So on November 22, 2013.
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. 
