Dongjin Global Holdings Limited acquired Huizhou Dongjin Semichem Co., Ltd. and Fuizhou Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd..
January 24, 2018
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Dongjin Global Holdings Limited agreed to acquire Huizhou Dongjin Semichem Co., Ltd. and Fuizhou Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) for KRW 14.9 billion on January 25, 2018. Dongjin Global Holdings Limited will issue 8.4 million new shares as consideration for the acquisition. Huizhou Dongjin Semichem Co., Ltd. reported book value of KRW 6.91 billion and Fuizhou Dongjin Semichem Co., Ltd. reported book value of KRW 7.37 billion as at December 31, 2017. The board of Dongjin Semichem Co., Ltd. passed a resolution on the transaction on January 25, 2018. The transaction is expected to complete on January 31, 2018.
Dongjin Global Holdings Limited completed the acquisition of Huizhou Dongjin Semichem Co., Ltd. and Fuizhou Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) on January 25, 2018.
Dongjin Semichem Co., Ltd. is a Korea-based company engaged in the provision of electronic materials and foaming agents. Its electronic materials include photo resists, bottom anti-reflective coatings (BARCs), top coating materials (TCMs), chemical mechanical planarization (CMP) slurries, etchants, thinners, strippers and others used for semiconductors and flat panel displays. Its foaming agents include azodicarbonamide (ADCA) series, oxybis benzene sulfonyl hydrazide (OBSH) series, toluenesulfonylhydrazide (TSH) series, microsphere (MS) series, dinitroso pentamethylene tetramine (DPT) series and others, which are used for automobile bumpers, interior materials, packing materials, life vests, shoes, floor decoration materials and others. It also engages in the refined oil business. On July 31, 2014, it merged with its wholly owned subsidiary, engaged in the manufacturing and sales of compounds and chemical products.
DONGJIN SEMICHEM CO., LTD. 
