RIFA Co., Ltd. acquired 69.29% stake in Rifa Mulsan Co. Ltd. for KRW 11 billion.
March 27, 2013 at 09:30 am IST
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RIFA Co., Ltd. (KOSE:A000760) acquired 69.29% stake in Rifa Mulsan Co. Ltd. for KRW 11 billion on March 27, 2013. RIFA Co will acquire 1.02 million shares in the transaction. The Board of Directors of RIFA Co. resolved the transaction on March 27, 2013.
RIFA Co., Ltd. (KOSE:A000760) completed the acquisition of 69.29% stake in Rifa Mulsan Co. Ltd. on March 27, 2013.
RIFA CO.,LTD. is a Korea-based company primarily engaged in the wholesale and retail of chemicals and dyestuffs. The Company imports and distributes organic and inorganic chemicals, which are used as industrial additives, food additives, solvents and others. In addition, it distributes dyestuffs including reactive dyestuffs, acid dyestuffs, direct dyestuffs and disperse dyestuffs to the domestic and overseas markets. It also engages in the real estate leasing business. As of the fiscal year ended March 31, 2012, the Company had 11 affiliated companies. On March 27, 2013, the Company acquired a 69.29% stake in RIFA MULSAN CO., LTD., engaged in the estate lent business.