Grouse & Value 13 Fund entered into an agreement to acquire 17.3% stake in Cheongbo Industrial. Co., Ltd from Jeonggyun Ahn, Hyungtae Ahn, Sangwook Ahn and Yun-Tae Ahn for KRW 14.1 billion.
December 01, 2020
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Grouse & Value 13 Fund entered into an agreement to acquire 17.3% stake in Cheongbo Industrial. Co., Ltd (KOSDAQ:A013720) from Jeonggyun Ahn, Hyungtae Ahn, Sangwook Ahn and Yun-Tae Ahn for KRW 14.1 billion on December 2, 2020. Under the terms of the transaction, Jeonggyun Ahn, Hyungtae Ahn, Sangwook Ahn and Yun-Tae Ahn will sell 2.8348297%, 0.7625138%, 13.05757% and 0.6489608% respectively. Total consideration of KRW 14.1 billion will be paid in two installments, one paid on December 2, 2020, KRW 2.8 billion and balance of KRW 11.27 billion on January 15, 2021.
CBI Co Ltd, formerly Cheongbo Industrial Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of automotive parts. The Company manufactures and sells automotive engine parts and mission parts. The main products are bearing journal, valve tappet, hydraulic tensioner housing, fixture injector, lever, insert chamber, valve seat ring, among others. The Companyâs products are mainly used in diesel engines and transmissions.
Grouse & Value 13 Fund entered into an agreement to acquire 17.3% stake in Cheongbo Industrial. Co., Ltd from Jeonggyun Ahn, Hyungtae Ahn, Sangwook Ahn and Yun-Tae Ahn for KRW 14.1 billion.
CBI CO., LTD. 
