RIFA Co., Ltd. cancelled the acquisition of 9,573.4 square meters building in Dangsan-dong from Young Hwa Industrial Co., Ltd., Rifa Advanced Materials Co., Ltd., Cho Gyu Wan and others.
December 09, 2014 at 11:00 pm
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RIFA Co., Ltd. (KOSE:A000760) agreed to acquire 9,573.4 square meters building in Dangsan-dong from Young Hwa Industrial Co., Ltd., Rifa Advanced Materials Co., Ltd., Cho Gyu Wan and others for KRW 45 billion on December 10, 2013. The transaction is expected to close by June 30, 2014.
RIFA Co., Ltd. (KOSE:A000760) cancelled the acquisition of 9,573.4 square meters building in Dangsan-dong from Young Hwa Industrial Co., Ltd., Rifa Advanced Materials Co., Ltd., Cho Gyu Wan and others on December 10, 2014.
RIFA CO.,LTD. is a Korea-based company primarily engaged in the wholesale and retail of chemicals and dyestuffs. The Company imports and distributes organic and inorganic chemicals, which are used as industrial additives, food additives, solvents and others. In addition, it distributes dyestuffs including reactive dyestuffs, acid dyestuffs, direct dyestuffs and disperse dyestuffs to the domestic and overseas markets. It also engages in the real estate leasing business. As of the fiscal year ended March 31, 2012, the Company had 11 affiliated companies. On March 27, 2013, the Company acquired a 69.29% stake in RIFA MULSAN CO., LTD., engaged in the estate lent business.
RIFA Co., Ltd. cancelled the acquisition of 9,573.4 square meters building in Dangsan-dong from Young Hwa Industrial Co., Ltd., Rifa Advanced Materials Co., Ltd., Cho Gyu Wan and others.