Sewon Co.,Ltd. completed the acquisition of 28.37% stake in Uno&Company.,Ltd. from a group of sellers.
May 27, 2021
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Sewon Co.,Ltd. (KOSDAQ:A234100) and Pitango Fund I of Pitango Venture Capital signed a contract to acquire 28.37% stake in Uno&Company.,Ltd. (KOSDAQ:A114630) from a group of sellers for KRW 32.7 billion on April 13, 2021. On May 27, 2021, Sewon Co.,Ltd. signed a contract to acquire 28.37% stake in Uno&Company.,Ltd. from Kim Jong-cheon and eight other shareholder. Under the terms of the contract, there will be a down payment of 10% equal to KRW 3.3 billion and 90% of the deal value equating KRW 29.5 billion will be made on May 27, 2021. Sewon will acquire 3.85 million shares of Uno&Company. The offer per share is KRW 8,500. Matters concerning transfer of management rights Future At the extraordinary general shareholders' meeting to be held, directors and auditors designated by the transferee will be elected, and management rights of the company will be transferred. The scheduled date of change is May 27, 2021.
Sewon Co.,Ltd. (KOSDAQ:A234100) completed the acquisition of 28.37% stake in Uno&Company.,Ltd. (KOSDAQ:A114630) from a group of sellers on May 27, 2021. The consideration payment was made on May 27, 2021.
Sewon Co Ltd is a Korea-based company mainly engaged in the heating, ventilation and air conditioning (HAVC) related parts. The Company operates its business through three segments. The Automotive Air Conditioning Part segment is mainly engaged in the production and sale of air conditioning related parts such as header capacitors, radiator caps, evaporators and pipes. In addition, the segment also engaged in the production and sale of other auto parts such as wipers and seat motor brackets. The Synthetic Yarn segment is mainly engaged in the manufacture and sale of yarn for wigs. The Chemical segment is mainly engaged in the manufacture and sale of optical monomers.