In-Seon Lee acquired 0.27% stake in CNPLUS Co., Ltd. from Seung-hwan Choi for approximately KRW 180 million.
December 23, 2015 at 09:30 am IST
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In-Seon Lee acquired 0.27% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Seung-hwan Choi for approximately KRW 180 million on December 18, 2015. In-Seon Lee acquired 0.01 million shares of CNPLUS for KRW 14,000 per share.
In-Seon Lee completed the acquisition of 0.27% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Seung-hwan Choi on December 18, 2015.
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.