Dongjin Global Holdings Limited cancelled the acquisition of unknown stake in Dongjin Electronic Materials Co., Ltd. from Dongjin Semichem Co., Ltd..
December 20, 2017
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Dongjin Global Holdings Limited agreed to acquire unknown stake in Dongjin Electronic Materials (Qidong) Co., Ltd. from Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) for KRW 14.4 billion on December 21, 2016. The consideration is payable in shares of Dongjin Global Holdings Limited. In related deals, Dongjin Global Holdings Limited agreed to acquire unknown stakes in Chengdu Dongjin Semichem Co., Ltd., Hefei Dongjin Semichem Co., Ltd., Dongjin Semichem (Xian) Semiconductor Materials Co., Ltd. and Chongqing Dongjin Semichem Electronic Materials Co., Ltd. from Dongjin Semichem Co., Ltd. for KRW 27.5 billion. The board of Dongjin Semichem Co., Ltd. passed the resolution for the deal. The deal is expected to close on December 26, 2016.
Dongjin Global Holdings Limited cancelled the acquisition of unknown stake in Dongjin Electronic Materials (Qidong) Co., Ltd. from Dongjin Semichem Co., Ltd. (KOSDAQ:A005290) on December 21, 2017.
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. 
