Growth Investment Purpose Company I Co., Ltd completed the acquisition of 50.55% stake in Young Poong Paper Mfg Co.,Ltd. from Mi-Jeong Roh.
December 29, 2015
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Growth Investment Purpose Company I Co., Ltd signed a contract to acquire 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Mi-Jeong Roh for KRW 65 billion on December 22, 2015. Growth Investment Purpose Company I Co., Ltd will acquire 11.22 million shares of Young Poong Paper Mfg Co.,Ltd. at KRW 5790 per share. Growth Investment Purpose will fund KRW 57.5 billion from own funds and KRW 7.5 billion through borrowings.
Growth Investment Purpose Company I Co., Ltd completed the acquisition of 50.55% stake in Young Poong Paper Mfg Co.,Ltd. (KOSE:A006740) from Mi-Jeong Roh on December 29, 2015.
YOUNG POONG PAPER MFG. CO., LTD is a Korea-based company mainly engaged in the manufacture of paper boards. The Company provides two categories of products: core boards and liner boards. Its core boards are used in manufacturing of paper cores and paper tubes. Its liner boards are used in manufacturing of corrugated cardboards and corrugated boxes. In addition, the Company is engaged in the real estate rental business. The Company distributes its products within domestic market and to overseas markets.