KUKBO Logistics Co.,Ltd acquired 19.35% stake in Bog International Co., Ltd. from Abpro Bio Co., Ltd. for KRW 2.8 billion.
December 21, 2020
KUKBO Logistics Co.,Ltd (KOSE:A001140) acquired 19.35% stake in Bog International Co., Ltd. from Abpro Bio Co., Ltd. (KOSDAQ:A195990) for KRW 2.8 billion on December 22, 2020. Under the terms, KUKBO Logistics will acquire 135,460 shares of Bog International by issuing a new amount of KRW 2.84 billion in gold for the 5th National Treasure's 5th Non-guaranteed Private convertible bonds and allocates the total amount of debentures to the transferor. Post completion of this transaction, KUKBO Logistics holds 644,051 shares of Bog International. On December 22, 2020, the Board of KUKBO Logistics resolved this transaction.
KUKBO Logistics Co.,Ltd (KOSE:A001140) completed the acquisition of 19.35% stake in Bog International Co., Ltd. from Abpro Bio Co., Ltd. (KOSDAQ:A195990) on December 22, 2020.
Abpro Bio Co., Ltd., formerly Ugint Co., Ltd., is a Korea-based company engaged in machine tools manufacturing. The Company produces and distributes small sized machining centers for notebooks, smart phones, tablet personal computers, mobile phones, base plates, light emitting diode (LED) and light crystal display (LCD) television panels, automobile parts, motorbikes parts and aircraft parts. The Company also engages in original equipment manufacturing business (OEM). The Company operates its business within domestic markets and foreign markets such as China and Europe countries.