Seung-Gon Kang cancelled the sale of 2.22% stake in Logistics Energy Korea Co., Ltd..
March 26, 2015 at 09:30 am IST
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Seung-Gon Kang signed the stock acquisition contract to sell 2.22% stake in Logistics Energy Korea Co., Ltd. (KOSE:A006490) for KRW 4 billion on March 26, 2014. The buyer will acquire 1 million shares of Logistics Energy Korea Co., Ltd. at KRW 4000 per share. The deposit of KRW 2.6 billion was paid on the contract signing date and the balance of KRW 1.4 billion will be paid within 60 days from the signing date. Post transaction, the buyer will hold 4.18 million shares of Logistics Energy Korea Co., Ltd. representing 9.26% stake. The transaction will be funded with buyer's own funds.
Seung-Gon Kang cancelled the sale of 2.22% stake in Logistics Energy Korea Co., Ltd. (KOSE:A006490) on March 26, 2015.
Inscobee, formerly Contents And Pepole, Logistics Energy company,.LTD, is a Korea-based company mainly engaged in the wristwatch, automobile and smart grid businesses. The Company mainly operates in five business divisions: wristwatch division provides wristwatch products, including sports watches and watches for gifts under the brand names Odin and Dolphin; automobile division engages in the marketing of used cars; digital division provides computers and peripherals; smart grid division engages in the provision of automatic meter infrastructure (AMI) systems, and distribution division engages in the distribution of beverages under the brand name Tipco. The Company distributes its products within domestic market and to overseas markets.
INSCOBEE., INC. 
