Aekyungchemical Co., Ltd. Completed the acquisition of an additional 40% stake in AK & MN BioFarm Co., Ltd.
September 31, 2022
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Aekyungchemical Co., Ltd. (KOSE:A161000) entered into an agreement to acquire additional 40% stake in AK & MN BioFarm Co., Ltd. for KWR 1.9 billion on July 27, 2022.
Aekyungchemical Co., Ltd. (KOSE:A161000) Completed the acquisition of an additional 40% stake in AK & MN BioFarm Co., Ltd. on September 1, 2022.
AekyungChemical Co Ltd formerly Aekyung Petrochemical Co Ltd is a Korea-based company mainly engaged in the petrochemical business. The Companyâs products portfolio consists of phthalic anhydrides, which are used as phthalate plasticizers, unsaturated polyester resins and dye intermediates; maleic anhydrides, which are used for unsaturated polyester resins for housing units and automobiles, fumaric acids for food and succinic acid; itaconic acids, which are produced through the fermentation of sugar millets or starches; plasticizers, which are organic ester compounds used for leathers, seats, polyvinyl chloride (PVC) films and electrical wires, and ester polyols. It also involves in the provision of alcohols and messaging services. The Company distributes its products within domestic market and to overseas markets.
AEKYUNGCHEMICAL CO., LTD. 
