Euijun Im entered into a contract to acquire 11.14% stake in CNPLUS Co., Ltd. from Media Kobo Korea Inc. for KRW 8.1 billion.
April 21, 2016
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Euijun Im entered into a contract to acquire 11.14% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Media Kobo Korea Inc. for KRW 8.1 billion on April 20, 2016. Euijun Im shall acquire 0.539 shares of CNPLUS for KRW 15000 each. Under the terms of agreement, KRW 800 million has been deposited as an initial payment while remaining KRW 7.3 billion will be paid on the date of CNPLUS' shareholder's meeting, which is expected to take place on June 10, 2016.
As of May 26, 2016, the scheduled change date is amended to June 24, 2016.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
