Dongwha Enterprise Co., Ltd. completed the acquisition of Kotkamills Imprex Oy from Kotkamills Oy.
October 30, 2017
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Dongwha Enterprise Co., Ltd. (KOSDAQ:A025900) signed a share purchase agreement to acquire Kotkamills Imprex Oy from Kotkamills Oy for €27 million on October 12, 2017. The enterprise value (on a debt and cash free basis) of Kotkamills Imprex Oy is €27 million. The purchase price is subject to a customary closing accounts adjustment. The purchase price will be paid to Kotkamills Oy in cash. The transaction is expected to be completed at the end of October 2017. 50% of the net disposal proceeds received by Kotkamills Oy from the sale of Kotkamills Imprex Oy shall be applied in partial repayment on outstanding bonds. The disposal improves the Kotkamills group's cash position and operating profit, but Kotkamills Group Oyj does not expect it to have significant impact on the issuer's balance sheet. Dittmar & Indrenius acted as legal advisor to Kotkamills Group Oyj. Nordea Corporate Finance Ltd. acted as financial advisor for Kotkamills Oy.
Dongwha Enterprise Co., Ltd. (KOSDAQ:A025900) completed the acquisition of Kotkamills Imprex Oy from Kotkamills Oy on October 31, 2017
DONGWHA ENTERPRISE CO.,LTD. is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company operates in three businesses: materials business, which mainly engages in the manufacture of floor boards; housing business, which mainly engages in the provision of laminate floors, construction services and design services, and car life business, which engages in the sales of used cars, as well as leasing of non-residential buildings. On July 1, 2014, it merged with wholly owned subsidiary, WON CHANG TRADING.CO., LTD, engaged in the leasing business.
DONGWHA ENTERPRISE CO.,LTD 
