Eagon Industrial Co., Ltd. agreed to acquire additional 11.4% stake in Eagon Energy Co., Ltd. for KRW 10.9 billion.
June 27, 2017
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Eagon Industrial Co., Ltd. (KOSE:A008250) agreed to acquire additional 11.4% stake in Eagon Energy Co., Ltd. for KRW 10.9 billion on June 27, 2017. Eagon Industrial will acquire 1.5 million shares and will own 9.9 million shares, representing 74.65% stake of Eagon Energy. The transaction is resolved by the Board of Eagon Industrial Co., Ltd on June 27, 2017. The transaction is expected to complete on July 3, 2017.
EAGON INDUSTRIAL CO.,LTD. is a Korea-based company principally engaged in the manufacture of plywood products. The Company operates in three segments: lumber, plantation and energy. The lumber segment produces plywood and building materials such as plywood floorings, structural wood, engineering wood, boards and others used for furniture as well as construction interior and exterior materials. The plantation segment provides hardwood and veneers through its subsidiaries in Solomon Islands. The energy segment engages in the steam supply and power generation business providing vapor and electricity through its subsidiary Eagon Energy Co., Ltd. It also produces and markets wood pallets. The Company supplies its products within domestic market and to overseas markets.
EAGON INDUSTRIAL CO., LTD. 
