Heungkuk Asset Management acquired 12.54% stake in Livart Furniture Co., Ltd. from Gyu-Han Gyoung, Bo-Young Jung, Hee-Seok Kang, Jin-San Kim, Ho-In Gil, Tae-In Kim, and Duk-Sun Roh for KRW 19 billion.
June 05, 2013 at 12:00 am EDT
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Heungkuk Asset Management acquired 12.54% stake in Livart Furniture Co., Ltd. (KOSE:A079430) from Gyu-Han Gyoung, Bo-Young Jung, Hee-Seok Kang, Jin-San Kim, Ho-In Gil, Tae-In Kim, and Duk-Sun Roh for KRW 19 billion on May 31, 2013. Sellers sold 2.11 million shares at the price of KRW 9,000 per share. Gyu-Han Gyoung sold 1.57 million shares and reduced his stake to 1.91 million shares. Bo-Young Jung sold his entire 0.13 million shares, Hee-Seok Kang sold his entire 0.16 million shares, Jin-San Kim sold his entire 0.05 million shares, Ho-In Gil sold his entire 0.06 million shares, Tae-In Kim sold his entire 0.04 million shares, and Duk-Sun Roh sold his entire 0.09 million shares.
Heungkuk Asset Management completed the acquisition of 12.54% stake in Livart Furniture Co., Ltd. (KOSE:A079430) from Gyu-Han Gyoung, Bo-Young Jung, Hee-Seok Kang, Jin-San Kim, Ho-In Gil, Tae-In Kim, and Duk-Sun Roh on May 31, 2013.
Hyundai Livart Furniture Co Ltd is a Korea-based company principally engaged in the manufacture and sale of furniture. The Company operates its business through five segments. The Business to Business (B2B) segment provides industrial goods and components such as materials and uniforms and others. The Built-In Furniture segment is engaged in the manufacture and sale of living room cabinets, built-in closets and kitchen furniture. The Business to Consumer (B2C) segment produces and sells bedroom furniture such as cabinets and others, living room furniture such as sofas and others, student furniture and dining table furniture such as study and dining tables and others. The Material Distribution segment sells boards for raw materials. The Office Furniture segment manufactures and sells office desks, bookcases and partitions.
HYUNDAI LIVART FURNITURE COMPANY LIMITED 
