Dongjin Global Holdings Limited agreed to acquire an unknown stake in Chengdu Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd. for KRW 5.5 billion.
December 20, 2016
Share
Dongjin Global Holdings Limited agreed to acquire an unknown stake in Chengdu Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) for KRW 5.5 billion on December 21, 2016. Dongjin Global will issue shares as consideration. In related transactions, Dongjin Global Holdings Limited agreed to acquire unknown stakes in Dongjin Electronic Materials (Qidong) Co., Ltd., Hefei Dongjin Semichem Co., Ltd., Dongjin Semichem (Xian) Semiconductor Materials Co., Ltd and Chongqing Dongjin Semichem Electronic Materials Co., Ltd. The deal is expected to close on December 26, 2016.
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 Global Holdings Limited agreed to acquire an unknown stake in Chengdu Dongjin Semichem Co., Ltd. from Dongjin Semichem Co., Ltd. for KRW 5.5 billion.
DONGJIN SEMICHEM CO., LTD. 
