1. Details of issuing company | Name of company | Poseung Green Power Co., Ltd. | |
Nationality | Republic of Korea | Representative | Myung-hoon Lee |
Capital stock (KRW) | 71,000,000,000 | Relationship to company | - |
Total number of shares issued | 14,200,000 | Main business |
Biomass cogeneration |
2. Details of acquisition | Number of shares to be acquired | 8,994,800 | |
Acquisition cost (KRW) | 95,000,000,000 | ||
Equity capital (KRW) | 2,384,244,343,246 | ||
Ratio to equity capital (%) | 3.98 | ||
Classified as a large-sized corporation? | Yes | ||
3. Number of shares held and shareholding ratio after acquisition | Number of shares held | 8,994,800 | |
Shareholding ratio(%) | 63.34 | ||
4. Acquisition method | Cash acquisition | ||
5. Purpose of acquisition | To secure new revenue sources through acquisition of the biomass power generation company | ||
6. Scheduled acquisition date | 2022-07-29 | ||
7. Subject to filing of a material fact report on asset acquisition? | No | ||
-Total assets (as of the end of the latest fiscal year) (KRW) | 6,746,889,021,744 | Acquisition cost /Total assets(%) | 1.41 |
8. Deemed a backdoor listing? | N/A | ||
-Plan to increase capital through third-party allotment within six months? | N/A | ||
9. Satisfying backdoor listing requirements for the issuing company (another corporation)? | N/A | ||
10. Date of board resolution (decision date) | 2022-04-19 | ||
-Attendance of outside directors | Present (No.) | 4 | |
Absent (No.) | 0 | ||
-Attendance of auditors (members of Audit Committee who are not outside auditors) | - | ||
11. Subject to reporting to the Fair Trade Commission? | No | ||
12. Signed a put option contract, etc.? | No | ||
-Details of agreements | - | ||
13. Other matters to be factored into investment decisions |
- The above information is the acquisition of a 63.34% stake in Poseung Green Power Co., Ltd. (8,994,800 common shares) from DL Energy Co., Ltd. - 1. The Capital stock and Total number of shares issued under the 1.'Details of issuing company' are as of the date of disclosure, and the total number of shares issued is the total number of common stocks (8,994,800 shares) and preferred stocks (5,205,200 shares). - Among the total number of preferred stocks, the number of stocks with voting rights is 3,860,000, and the Company's stake is 69.97% based on the number of stocks with voting rights. - Equity capital under 2. 'Details of acquisition' and total assets at the end of the latest fiscal year in 7. 'Subject to filing of a material fact report on asset acquisition?' are based on the Company's consolidated financial statements as of the end of 2021. - The acquisition cost under 2. 'Details of acquisition' is subject to change during consultation with the counterparty to transaction. - 6. 'Scheduled acquisition date' is the expected date of payment of the transaction price, and may change depending on progress such as approval of related organizations. - This acquisition may not be executed if the prerequisites for closing the transaction, such as approval from the relevant institution, are not met, and in the event of such a cause, we will notify you through re-disclosure. - All members of the Audit Committee of the company are outside directors. - Decision on specific matters related to this transaction is delegated to the CEO. - The following 'Condensed Financial Statements of Issuing Company' is prepared according to the Korean International Financial Reporting Standards (K-IFRS) for the current fiscal year (2021), the previous fiscal year(2020), and the two fiscal years prior (2019) of Poseung Green Power Co., Ltd. | ||
※Related disclosure | - |
Category | Total assets | Total liabilities | Total shareholders' equity | Capital stock | Sales | Net income | External auditor's opinion | External auditor |
Current fiscal year | 243,083,646,623 | 170,962,100,294 | 72,121,546,329 | 71,000,000,000 | 58,515,377,401 | 6,157,641,544 | Unqualified opinion | Deloitte Anjin LLC |
Previous fiscal year | 242,098,556,466 | 176,143,429,917 | 65,955,126,549 | 71,000,000,000 | 42,747,439,854 | -6,375,405,734 | Unqualified opinion | Deloitte Anjin LLC |
Two fiscal years prior | 263,247,093,737 | 184,720,191,526 | 78,526,902,211 | 71,000,000,000 | 55,295,000,951 | 3,459,364,106 | Unqualified opinion | Deloitte Anjin LLC |
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LX International Corp. published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 01:44:06 UTC.