DNJ Partners Co., Ltd. cancelled the acquisition of 39.2% stake in Cosmo Advanced Materials & Technology Co., Ltd. from Cosmo Chemical Co., Ltd..
June 18, 2017
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DNJ Partners Co., Ltd. signed a memorandum of understanding to acquire 39.2% stake in Cosmo Advanced Materials & Technology Co., Ltd. (KOSE:A005070) from Cosmo Chemical Co., Ltd. (KOSE:A005420) on May 10, 2016.
DNJ Partners Co., Ltd. cancelled the acquisition of 39.2% stake in Cosmo Advanced Materials & Technology Co., Ltd. (KOSE:A005070) from Cosmo Chemical Co., Ltd. (KOSE:A005420) on June 19, 2017. The deal is terminated due to inconsistency in the terms of sale.
COSMO CHEMICAL CO., LTD. is a Korea-based company mainly engaged in the manufacture of titanium dioxides. The Company produces titanium dioxides, which are used in rubbers, papers, resins, paints, bricks, electronic components, multi layer ceramic capacitors (MLCCs), catalysts and others under the brand name COTIOX KA-100 and COTIOX KA- 300. It also provides cobalt sulfates, including liquid cobalt sulfates, solid cobalt sulfates and cathode coppers, which are used for secondary lithium batteries, paint desiccants, cobalt pigments, tire bonds, electricity and communication cables, construction materials and others; water treatment agents, such as ferrous sulfates, poly ferric sulfates, liquid ferrous sulfates, gypsums and others, which are used in wastewater treatment agents, construction materials and other industries. The Company distributes its products within domestic market and to overseas markets.
COSMO CHEMICAL CO., LTD. 
