NVH Wonbang Tech Inc. cancelled the acquisition of 85.1% stake in Wonbang tech Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, a fund managed by JKL Partners Inc., and other shareholders
May 23, 2019
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NVH Wonbang Tech Inc. agreed to acquire a 85.1% stake in Wonbang tech Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, a fund managed by JKL Partners Inc., and other shareholders for approximately KRW 160 billion on May 23, 2018. Under the terms, NVH Wonbang Tech Inc. will acquire 3.8 million shares from Jkl Growthchamp 2011-1 Private Equity Fund and 0.47 million shares from others. The consideration will be paid in cash with scheduled payment date of May 23, 2018. The transaction is expected to complete on June 29, 2018.
NVH Wonbang Tech Inc. cancelled the acquisition of 85.1% stake in Wonbang tech Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, a fund managed by JKL Partners Inc., and other shareholders on May 23, 2019.
K Ensol Co Ltd, formerly Wonbang Tech Co Ltd, is a Korea-based company engaged in manufacturing and sales of industrial clean rooms (ICRs) and dry rooms (DRs). The Company operates its business through four segments. The ICR segment mainly manufactures and sells ICRs, and is applied to businesses such as semiconductors, displays, electronics, optical machinery, and laboratories. The DR segment mainly produces and supplies DRs. The Bio Clean Room (BCR) segment mainly manufactures and supplies BCRs. The Bridge Construction segment manufactures and sells steel composite girders. The Company sells its products in domestic and overseas markets such as China, Vietnam, Malaysia and Hungary.
NVH Wonbang Tech Inc. cancelled the acquisition of 85.1% stake in Wonbang tech Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, a fund managed by JKL Partners Inc., and other shareholders