An unknown buyer completed the acquisition of 4.29% stake in Taihan Textile Co., Ltd. from CBI Co., Ltd. for KRW 10.9 billion.
July 28, 2022
Share
An unknown buyer agreed to acquire a 4.29% stake in Taihan Textile Co., Ltd. (KOSE:A001070) from CBI Co., Ltd. (KOSDAQ:A013720) for KRW 11.2 billion on June 30, 2022. Following sale of 227,272 shares, representing approximately 4.29% stake in Taihan Textile, CBI Co. will hold no stake in it. The transaction is expected to close on December 31, 2022.
An unknown buyer completed the acquisition of 4.29% stake in Taihan Textile Co., Ltd. (KOSE:A001070) from CBI Co., Ltd. (KOSDAQ:A013720) for KRW 10.9 billion on July 28, 2022.
CBI Co Ltd, formerly Cheongbo Industrial Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of automotive parts. The Company manufactures and sells automotive engine parts and mission parts. The main products are bearing journal, valve tappet, hydraulic tensioner housing, fixture injector, lever, insert chamber, valve seat ring, among others. The Companyâs products are mainly used in diesel engines and transmissions.