Shinyoung Asset Management Co., Ltd. acquired an additional 6.7% stake in Iljin Power Co., Ltd. from Lee, Sang-Eup for KRW 4.8 billion.
February 06, 2017
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Shinyoung Asset Management Co., Ltd. acquired an additional 6.7% stake in Iljin Power Co., Ltd. (KOSDAQ:A094820) from Lee, Sang-Eup for KRW 4.8 billion on January 31, 2017. Shinyoung acquired 1 million shares at KRW 4750 per share.
Shinyoung Asset Management Co., Ltd. completed the acquisition of an additional 6.7% stake in Iljin Power Co., Ltd. (KOSDAQ:A094820) from Lee, Sang-Eup on January 31, 2017.
ILJIN POWER CO., LTD., formerly ILJIN ENERGY CO., LTD., is a Korea-based company engaged in the ordinary power plants, chemical equipment and new renewable energy equipment businesses. Its ordinary power plant business provides construction services for petrochemical, chemical, steel and power plants, as well as the maintenance and repair services for industrial machines and power plants. Its chemical business produces chemical and petrochemical equipment, such as reactors, agitators, pressure vessels, dryers, towers and columns, filters, storage tanks, conveyers, heat exchangers, control valves, boiler burner assemblies and others. Its new renewable business engages in the production of poly silicon for solar cells, and manufacture of reactor equipments and others.
ILJIN POWER CO., LTD. 
