Korea Asset Management Corporation agreed to acquire Land and building in Lot 43, Banpo-daero, Seocho-gu, Seoul, South Korea from Cosmo Chemical Co., Ltd. for KRW 46.1 billion.
August 28, 2016
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Korea Asset Management Corporation agreed to acquire Land and building in Lot 43, Banpo-daero, Seocho-gu, Seoul, South Korea from Cosmo Chemical Co., Ltd. (KOSE:A005420) for KRW 46.1 billion on August 29, 2016. The deal is expected to close on August 30, 2016.
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.
Korea Asset Management Corporation agreed to acquire Land and building in Lot 43, Banpo-daero, Seocho-gu, Seoul, South Korea from Cosmo Chemical Co., Ltd. for KRW 46.1 billion.
COSMO CHEMICAL CO., LTD. 