Kumkang Kind Co., Ltd. acquired 69.4% stake in SAMMI Metal Products Co., Ltd from KoFC Valueup PEF managed by KB Investment Co., Ltd. from approximately KRW 7 billion.
September 19, 2022
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Kumkang Kind Co., Ltd. (KOSE:A014280) acquired 69.4% stake in SAMMI Metal Products Co., Ltd from KoFC Valueup PEF managed by KB Investment Co., Ltd. for approximately KRW 7 billion on September 19, 2022. SAMMI Metal Products Co., Ltd reported a turnover of approximately KRW 53 billion, total assets of KRW 147 billion and Total Common equity of KRW 40 billion.
Kumkang Kind Co., Ltd. (KOSE:A014280) completed the acquisition of 69.4% stake in SAMMI Metal Products Co., Ltd from KoFC Valueup PEF managed by KB Investment Co., Ltd on September 19, 2022.
KUMKANG KIND CO., LTD. is a Korea-based company mainly engaged in the manufacture and distribution of steel pipe products. The Companyâs products consist of steel pipes, including carbon steel pipes, square and rectangular tubes, rigid steel conduits, color coated square pipes, fence tubes and structure tubes, which are used for civil engineering, water and sewage systems, scaffolding, steel towers, automobiles and other industries; formworks, including aluminum formworks, gang formworks and special formworks, which are used in architecture and civil engineering areas; scaffolds, including clamps, scaffolding pipes, working boards and shipyard scaffolds, as well as modular building systems. It also provides by-products and raw materials. On January 1, 2013, the Company completed the merger with its wholly owned subsidiary, KUMKANG FOSTEM CO.LTD, which is mainly engaged in the construction facilities.
Kumkang Kind Co., Ltd. acquired 69.4% stake in SAMMI Metal Products Co., Ltd from KoFC Valueup PEF managed by KB Investment Co., Ltd. from approximately KRW 7 billion.
KUMKANG KIND CO., LTD. 
