Youngwoo International Co., Ltd. acquired 4.01% stake in Hanchang Paper Co., Ltd. from Neomaru Co., Ltd. for KRW 2.4 billion.
February 05, 2017
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Youngwoo International Co., Ltd. acquired 4.01% stake in Hanchang Paper Co., Ltd. (KOSE:A009460) from Neomaru Co., Ltd. for KRW 2.4 billion on February 2, 2017. Youngwoo acquired 2.39 million shares at KRW 1015 per share.
Youngwoo International Co., Ltd. completed the acquisition of 4.01% stake in Hanchang Paper Co., Ltd. (KOSE:A009460) from Neomaru Co., Ltd. on February 2, 2017.
Hanchang Paper co., Ltd. is a Korea-based company principally engaged in the manufacture and distribution of white duplex boards. The Companyâs products consist of high quality deluxe art boards; duplex boards, including duplex boards with white backs, duplex boards with gray backs and uncoated duplex boards, as well as functional white paperboards including anion papers, yellow ocher papers and jade papers. Its duplex boards are mainly used for cosmetics, high-end clothing, medicine, stationery packaging boxes and others. Its functional white paperboards are mainly used for childrenâs goods, fruit boxes, confectionary boxes, calendars, book covers and others. The Company distributes the products within domestic market and to overseas markets.
HANCHANGPAPER CO., LTD 
