The Safety Co. Ltd acquired additional 6% in NK Co., Ltd. from NKTech Co.,Ltd. for KRW 5.1 billion.
October 20, 2020
Share
The Safety Co. Ltd acquired additional 6% in NK Co., Ltd. (KOSE:A085310) from NKTech Co.,Ltd. for KRW 5.1 billion on October 20, 2020. As per terms, 4.8 million shares are acquired at KRW 1065 per share. The Safety Co. Ltd at the time of acquisition held 4.7 million shares while NKTech Co.,Ltd held 7.6 million shares. Post completion, The Safety Co. Ltd holds 9.5 million shares and NKTech Co.,Ltd. holds 2.8 million shares. The Safety Co. Ltd will self-fund the transaction.
The Safety Co. Ltd completed the acquisition of additional 6% in NK Co., Ltd. (KOSE:A085310) from NKTech Co.,Ltd. on October 20, 2020.
NK CO., LTD. is a Korean company principally engaged in the manufacture and provision of fire extinguishing systems and high pressure gas cylinders. The Company operates its businesses through fire extinguishing system division, which provides carbon dioxide (CO2) systems for car carriers and engine rooms, loose fire fighting systems used as portable fire extinguishers for small scale fire, foam systems, dry powder systems and others; high pressure gas cylinder division, which provides industrial high pressure gas cylinders, compressed natural gas (CNG) fuel cylinders and industrial special gas cylinders, among others; ballast water treatment division, which provides ballast water treatment facilities, including ozone systems, filtration and electrolysis systems and others, and plant division, which mainly provides plant engineering services and relevant facilities. On December 18, 2013, the Company sold its entire shares of ENK CO., LTD.
NK CO., LTD. 
