Dongwon Industries Co., Ltd. signed a contract to acquire Dongbu Express Co., Ltd. from KTB Private Equity and Q Capital Partners Co., Ltd. for KRW 420 billion.
December 16, 2016
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Dongwon Industries Co., Ltd. (KOSE:A006040) signed a contract to acquire Dongbu Express Co., Ltd. from KTB Private Equity and Q Capital Partners Co., Ltd. (KOSDAQ:A016600) for KRW 420 billion on December 16, 2016. Under the terms of the transaction, Dongwon Industries Co., Ltd. will acquire 2.2 million common stocks and 3.2 million redeemable convertible preferred stocks. For 2015, Dongbu Express Co., Ltd. had total assets of KRW 873.6 billion, sales of KRW 719.5 billion, operating income of KRW 44.4 billion and net income of KRW 18.5 billion.
The transaction was resolved by the Board of Directors of Dongwon Industries Co., Ltd. on December 16, 2016. The transaction is expected to complete on February 1, 2017.
Q Capital Partners Co., Ltd. is a Korea-based company mainly engaged in the venture investment business and provision of financial related services. The Company is involved in the venture investment business, which provides the investment and financing services for new technology operators; corporate restructuring business, which provides the investment, acquisition and normalization of financially distressed companies; mergers and acquisitions (M&A), which provides strategy to motivate and promote business expansions, as well as investment fund business, which maintains operational stability of funds and manages investment risks. On March 17, 2014, the Company announced that it sold entire shares of Onse Telecom Corp.
Dongwon Industries Co., Ltd. signed a contract to acquire Dongbu Express Co., Ltd. from KTB Private Equity and Q Capital Partners Co., Ltd. for KRW 420 billion.
Q CAPITAL PARTNERS CO., LTD. 
