DYD Co.,LTD. completed the acquisition of 5.86% stake in Sambu Engineering & Construction Co., Ltd (KOSE : A001470) from Lee Suk Industry Co Ltd and 5 other companies.
February 14, 2023
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DYD Co.,LTD. (KOSDAQ:A219550) agreed to acquire a 5.86% stake in Sambu Engineering & Construction Co., Ltd (KOSE : A001470) from Lee Suk Industry Co Ltd and 5 other companies for KRW 44 billion on May 4, 2022. Pursuant to transaction, DYD Co. will pay KRW 4,000 per share for 8 million shares, representing approximately 4.26% stake in Sambu Engineering & Construction Co. The consideration comprises of KRW 7 billion deposit for due diligence, additional KRW 7 billion to be within 10 days business days of the end of due diligence, KRW 16 billion to be paid on July 19 , 2022 and remaining KRW 2 billion to be paid on November 15, 2022. The source of funding of consideration is self-funding and borrowing. As of November 15, 2022, the balance 2 billion will be paid on February 14, 2023, and the transaction is also expected to close on February 14, 2023.
DYD Co.,LTD. (KOSDAQ:A219550) completed the acquisition of 5.86% stake in Sambu Engineering & Construction Co., Ltd (KOSE : A001470) from Lee Suk Industry Co Ltd and 5 other companies for KRW 44 billion on February 14, 2023.
DYD Co Ltd, formerly DYD Daeyang Ltd, is a Korea-based company principally engaged in the cosmetics distribution business. The Company distributes basic and color cosmetics such as eyeliner, mascara, blusher and others. The Company also distributes personal care products such as hair care and skin care, among others. The Company imports overseas brands such as Kiss Me, CANMAKE, BCL and others and supplies them to distribution channels such as Health and Beauty (H&B) stores, online stores, and duty-free stores, among others.
DYD Co.,LTD. completed the acquisition of 5.86% stake in Sambu Engineering & Construction Co., Ltd (KOSE : A001470) from Lee Suk Industry Co Ltd and 5 other companies.