PNCGLOBAL. CO. KR completed the acquisition of 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd..
July 31, 2015
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PNCGLOBAL. CO. KR entered into a contract to acquire 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) for KRW 13.4 billion on July 17, 2015. Under the terms of the transaction, Daekyung Machinery & Engineering will sell 0.08 million shares of PT Digi Indonesia. For the year ended December 31, 2014, P.T. Daekyung Indah Heavy Industry had total assets of KRW 27774 million. The Board of Daekyung Machinery & Engineering passed a resolution for the transaction on July 17, 2015. The deal is expected to complete on July 31, 2015.
PNCGLOBAL. CO. KR completed the acquisition of 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) on July 31, 2015.
CURO CO., LTD., formerly DAEKYUNG MACHINERY & ENGINEERING CO.,LTD., is a Korea-based company mainly engaged in the manufacture of chemical equipment. Along with its subsidiary, the Company operates its business through two divisions: chemical equipment division and energy division. Its chemical equipment division provides heat exchangers, columns, pressure vessels, reactors with agitators and others. Its energy division provides equipment for power plants, including heat recovery steam generators for combined cycle power plants, water tube boilers and waste heat boilers for cogeneration power plants, and water tube boilers and waste heat boilers for industrial and utility plants. The Company distributes its products within domestic market and to overseas markets.