An unknown buyer agreed to acquire 80.56% stake in Hizeasset Investment Co., Ltd from Hizeaero Co., Ltd. for KRW 4.8 billion.
August 19, 2021
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An unknown buyer agreed to acquire 80.56% stake in Hizeasset Investment Co., Ltd from Hizeaero Co., Ltd. (KOSDAQ:A221840) for KRW 4.8 billion on August 20, 2021. Board has given its resolution on August 20, 2021. The transaction is expected to close on September 17, 2021. The deal is expected to be completed by September 29, 2021.
HIZEAERO Co.,Ltd. is a Korea-based company mainly engaged in the manufacture of aircraft parts. The Company's product portfolio consists of B787 center wing boxes under the brand name of Sec 11, B787 fixed trailing edges (FTEs) under the brand name of Sec 15, B787 pivot bulkheads (PBHs) under the brand name of Sec 48, assembly jigs under the brand name of B787 and F15SR. The Company also provides aircraft maintenance services, repair services, overhaul services and aircraft parts remodeling services. The Company distributes its products within domestic market and to overseas markets.
HIZEAERO CO., LTD. 