Sangsin Energy Display Precision Co.,Ltd. acquired Taehwa Pratech Co., Ltd.
April 15, 2015 at 09:30 am IST
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Sangsin Energy Display Precision Co.,Ltd. (KOSDAQ:A091580) acquired Taehwa Pratech Co., Ltd. on April 15, 2015. Sangsin Energy Display Precision Co.,Ltd. acquired 0.12 million shares of Taehwa Pratech Co. For the year ending December 31, 2014, Taehwa Pratech had total assets of KRW 4.96 billion and total stockholders' equity of KRW 1.33 billion. The Board of Directors of Sangsin Energy Display Precision Co.,Ltd. Resolved the transaction on April 15, 2015.
Sangsin Energy Display Precision Co.,Ltd. (KOSDAQ:A091580) completed the acquisition of Taehwa Pratech Co., Ltd. on April 15, 2015.
SANGSIN ENERGY DISPLAY PRECISION CO., LTD. is a Korea-based company mainly engaged in the manufacture of secondary battery components. The Companyâs products consist of secondary battery components, including can type cases used for storage of battery electrolytes; breaker assemblies used for prevention of battery explosion; cap assemblies used for electricity flow, and others such as fuse assemblies, cap plates, terminal plates, lead plates, cap ups, tabs and sockets. It also involves in the manufacture of secondary battery pack assemblies, cap assemblies and others through its subsidiary. It distributes its products within domestic market and to overseas market. On January 10, 2014, the Company established a new wholly owned Malaysia-based subsidiary, SANGSIN ENERTECH SDN BHD.
SANGSIN ENERGY DISPLAY PRECISION CO.,LTD. 
