Hankuk Carbon Co., Ltd. cancelled the acquisition of 3.36% stake in Korea Composites Inc.
July 31, 2018
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Hankuk Carbon Co., Ltd. (KOSE:A017960) agreed to acquire 3.36% stake in Korea Composites Inc. for KRW 250 million on July 31, 2017. Under the terms of the transaction, Hankuk Carbon Co., Ltd. will acquire 0.05 million shares of Korea Composites Inc. For the year ended December 31, 2016, Korea Composites Inc. reported total assets of KRW 18.78 billion, total revenues of KRW 5.21 billion and net loss of 1.27 billion. The transaction is expected to complete on July 31, 2017.
Hankuk Carbon Co., Ltd. (KOSE:A017960) cancelled the acquisition of 3.36% stake in Korea Composites Inc. on July 31, 2018.
Hankuk Carbon Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of heat insulation panels. The Companyâs products consist of general materials, such as carbon sheets, which are applied in sports equipment, vehicles, airplanes and architectures; industrial materials, including heat insulation panels, which are applied in liquid natural gas (LNG) carriers, as well as electronic materials used for printed circuit boards (PCBs), and general materials applied in construction industry. Through its subsidiary, it also engages in the wholesale and export proxy business and resource development business.
HANKUK CARBON CO., LTD. 
