Nuriplan Co., Ltd. completed the acquisition of Hyundai LED Co., Ltd. from a group of shareholders.
April 06, 2018
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Nuriplan Co., Ltd. (KOSDAQ:A069140) agreed to acquire Hyundai LED Co., Ltd. from a group of shareholders for KRW 8 billion on April 5, 2018. Nuriplan Co., Ltd. will acquire 0.06 million shares of Hyundai LED Co., Ltd. Nuriplan Co., Ltd. will pay KRW 7.48 billion in cash and KRW 524 million through the issuance of 0.1 million treasury stock. Jaehwan Park will receive the consideration in cash and treasury stock. The other shareholders will receive cash consideration. On April 5, 2018, Nuriplan Co., Ltd. paid KRW 7.5 billion for 0.06 million shares and on April 6, 2018, Nuriplan Co., Ltd. transferred 0.1 million shares to each sellers. After the transaction, Nuriplan Co., Ltd. will hold 0.06 million shares amounting to 100% stake in Hyundai LED Co., Ltd. Hyundai LED Co., Ltd. reported total assets of KRW 13.58 billion and total capital of KRW 10.86 billion as at December 31, 2017. Hyundai LED Co., Ltd. reported sales of KRW 15.64 billion and net profit of KRW 442.23 million in 2017. The Board of Directors passed a resolution for the transaction on April 5, 2018. The transaction is expected to be completed on April 6, 2018. Dong-A Accounting Firm Co., Ltd. acted as the external rating institution.
Nuriplan Co., Ltd. (KOSDAQ:A069140) completed the acquisition of Hyundai LED Co., Ltd. from a group of shareholders on April 6, 2018.
Nuriplan Co., Ltd. is a Korea-based company mainly engaged in the landscape lighting and landscape facility businesses. The Company manufactures landscape lighting products including light-emitting diode (LED) lighting and speakers; landscape facilities such as soundproof walls, fences, handrails and others. The Company also provides construction work such as sidewalk overpass installation and lighting installation. In addition, the Company offers design services consisting of landscape lighting design, landscape facility design, among others.