Dayou AP Co.,Ltd. completed the acquisition of 42% stake in Shinki Intermobile Co.,Ltd. from Shinki.
July 06, 2022
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Dayou AP Co.,Ltd. (KOSDAQ:A290120) agreed to acquire 42% stake in Shinki Intermobile Co.,Ltd. from Shinki for KRW 18 billion on June 3, 2022. As per the transaction, Dayou AP Co.,Ltd. will acquire 273,000 shares of Shinki Intermobile Co.,Ltd. As on December 31, 2021, Shinki Intermobile Co.,Ltd. generated total assets of KRW 131.4 billion, total debt of KRW 83.4 billion and net income of KRW 7.6 billion. The transaction is expected to complete on July 28, 2022.
Dayou AP Co.,Ltd. (KOSDAQ:A290120) completed the acquisition of 42% stake in Shinki Intermobile Co.,Ltd. from Shinki on July 6, 2022.
DH Autolead Co Ltd, formerly Dayou AP Co Ltd, is a Korea-based company principally engaged in the production and sale of steering wheels. The Company is engaged in the production and sale of leather and polyurethane (PU) steering handles and other products. In addition, the Company is engaged in the production and sale of steering wheel related accessories including horn caps and swithes.