NEXTURNBIOSCIENCE Co., Ltd. completed the acquisition of 10.59% stake in Mirae Corporation from KANGLIM Co., Ltd.
July 11, 2023
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NEXTURNBIOSCIENCE Co., Ltd. (KOSDAQ:A089140) agreed to acquire a 10.59% stake in Mirae Corporation (KOSE:A025560) from KANGLIM Co., Ltd (KOSDAQ:A014200) on May 23, 2023. Following this transaction, KANGLIM will dispose off 484,418 shares, representing approximately 10.59% stake in Mirae. Upon completion, NEXTURNBIOSCIENCE will own 10.59% stake in Mirae and KANGLIM's ownership will reach zero in it. The transaction will be funded from cash on hand. The transaction is expected to close on July 12, 2023.
NEXTURNBIOSCIENCE Co., Ltd. (KOSDAQ:A089140) completed the acquisition of 10.59% stake in Mirae Corporation (KOSE:A025560) from KANGLIM Co., Ltd (KOSDAQ:A014200) on July 12, 2023.
KANGLIM Co., Ltd is a Korea-based company mainly engaged in the manufacture and distribution of special vehicles and cranes. The Company operates its business in two divisions: special purpose vehicle division, which produces fire fighting trucks such as fire pumpers, chemical fire fighting trucks, water tank fire trucks, rescue trucks and others, environmental work vehicles such as road sweepers, high pressure water spray trucks, garbage compactors and others, and electrical work vehicles such as mobile generator trucks, auger cranes and others, as well as crane division, which produces stick boom cranes and knuckle boom cranes under the brand names of KS, KN and others. The Company distributes its products within domestic market and to overseas markets.
KANGLIM CO., LTD 
