NH Investment & Securities Co., Ltd., Investment Arm and Friend Investment Management acquired 3.2% stake in YG-1 Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, managed by JKL Partners Inc. for KRW 15.6 billion.
November 14, 2017
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NH Investment & Securities Co., Ltd., Investment Arm and Friend Investment Management acquired 3.2% stake in YG-1 Co., Ltd. (KOSDAQ:A019210) from Jkl Growthchamp 2011-1 Private Equity Fund, managed by JKL Partners Inc. for KRW 15.6 billion on November 9, 2017. Under the terms, Jkl Growthchamp 2011-1 Private Equity Fund sold 0.95 million shares at KRW 16,435 per share, decreasing its shareholding from 6.6% to 3.4% in YG-1 Co., Ltd.
NH Investment & Securities Co., Ltd., Investment Arm and Friend Investment Management completed the acquisition of 3.2% stake in YG-1 Co., Ltd. (KOSDAQ:A019210) from Jkl Growthchamp 2011-1 Private Equity Fund, managed by JKL Partners Inc. on November 9, 2017.
YG-1 CO.,LTD is a Korea-based company engaged in the manufacture and distribution of cutting tools. The Companyâs products mainly consist of end mills, including high speed steel (HSS) types, tank-power types, normal carbide types, jet-power types and others; taps, including spiral flute taps, gun point taps, straight flute taps, hand taps, roll taps, pipe tips and nut taps, and drills, including carbide drills, HSS drills, carbide spade drills and spade drills. It also provides rotary burrs, cutters and accessories. The Company distributes its products within domestic market and to overseas markets.
NH Investment & Securities Co., Ltd., Investment Arm and Friend Investment Management acquired 3.2% stake in YG-1 Co., Ltd. from Jkl Growthchamp 2011-1 Private Equity Fund, managed by JKL Partners Inc. for KRW 15.6 billion.