KANGLIM Co. Ltd. completed the acquisition of 24.78% stake in SBW Co., Ltd..
February 19, 2014
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KANGLIM Co. Ltd. (KOSDAQ:A014200) agreed to acquire 24.78% stake in SBW Co., Ltd. (KOSE:A102280) for KRW 29.8 billion on February 12, 2014. KANGLIM will acquire 20.59 million shares. KANGLIM Co. Ltd. will pay KRW 21.2 billion which is partial payment of the transaction amount at the time of the contract signing, and KRW 8.6 billion which was the collateral loan will be paid by the buyer. Under the transaction, Kanglim will also acquire SBW's management rights.
KANGLIM Co. Ltd. (KOSDAQ:A014200) completed the acquisition of 24.78% stake in SBW Co., Ltd. (KOSE:A102280) on February 19, 2014.
KANGLIM Co., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of special vehicles and cranes. The Company operates its business in two divisions: special purpose vehicle division, which produces fire fighting trucks such as fire pumpers, chemical fire fighting trucks, water tank fire trucks, rescue trucks and others, environmental work vehicles such as road sweepers, high pressure water spray trucks, garbage compactors and others, and electrical work vehicles such as mobile generator trucks, auger cranes and others, as well as crane division, which produces stick boom cranes and knuckle boom cranes under the brand names of KS, KN and others. The Company distributes its products within domestic market and to overseas markets.
KANGLIM CO., LTD 
