Hanil Holdings Co.,Ltd. completed the acquisition of additional 43.4% stake in Hanil Cement Co.,Ltd..
November 05, 2018
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Hanil Holdings Co.,Ltd. (KOSE:A003300) made an offer to acquire an additional 43.4% stake in Hanil Cement Co.,Ltd. (KOSE:A300720) for approximately KRW 280 billion on September 10, 2018. Under the terms of the offer, Hanil Holdings will acquire 1.8 million shares at KRW 154350 per share to be paid in stock. A total of 3.47 million shares will be issued as consideration by Hanil Holdings. Post completion, Hanil Holdings Co.,Ltd will own 2.1 million shares representing 51.5% stake in Hanil Cement Co.,Ltd. Tender offer will commence on October 17, 2018 and end on November 5, 2018. The settlement date of offer is November 7, 2018. The transaction is resolved by the board of Hanil Holdings on September 10, 2018. Samsung Securities Co. Ltd. and KB Securities Co., Ltd. acted as service management companies for Hanil Holdings Co.,Ltd.
Hanil Holdings Co.,Ltd. (KOSE:A003300) completed the acquisition of additional 43.4% stake in Hanil Cement Co.,Ltd. (KOSE:A300720) on November 5, 2018.
HANIL CEMENT CO.,LTD. is a Korea-based company mainly engaged in the production and sale of cement. The cement includes Portland cement and blast furnace slag cement, among others. In addition, the Company is engaged in the manufacturing and sale of remicon and dry mortar products. The mortar products are sold under the name of Remitar. The dry mortar products include the dry mortar products used for building construction and engineering operation, among others. The dry mortar products used for building construction include the dry mortar products used for floor, floor tile, tile and small package, among others. The dry mortar products used for engineering operation include the dry mortar products used for grout, maintenance and reinforcement, as well as special cement.
HANIL CEMENT CO., LTD. 