Inhwa Precision Co., Ltd. (KOSE:A101930) acquired Haedong Industries Co., Ltd. for KRW 13.5 billion on November 29, 2012. Inhwa Precision acquired 0.03 million shares of Haedong. For the period ending December 31, 2011, Haedong reported total assets of KRW 24.45 billion, total shareholders' equity of KRW 13.85 billion, total borrowings of KRW 1.68 billion, sales of KRW 46.52 billion and net income of KRW 7.87 billion.
Inhwa Precision Co., Ltd. (KOSE:A101930) completed the acquisition of Haedong Industries Co., Ltd. on November 29, 2012.
Inhwa Precision Co., Ltd. is a Korea-based company principally engaged in the manufacture of vessel engine components. The Company's vessel engine components include cylinder covers, cylinder frames, bed plates, frame boxes and others for low-speed diesel engines, as well as base frames and common beds for medium-speed diesel engines. It also provides power plant components, such as exhaust frames, end shields, bearing housings, main lead boxes, diffusers and others. In addition, through its subsidiaries, it is involved in the provision of automobile components such as joint cages, diff gears and others, as well as metal tooling machines such as soft line machines, rolling machines and others. The Company mainly distributes its products within domestic market.
INHWA PRECISION CO., LTD 
