Im Il-woo completed the acquisition of 11% stake in IM Co.,Ltd from Park Se- cheol.
June 14, 2021
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Im Il-woo signed a contract to acquire a 11% stake in IM Co.,Ltd (KOSDAQ:A101390) from Park Se- cheol for KRW 14 billion on April 12, 2021. As per the terms, Sechul Park will acquire 4.69 million shares and deposit pay a down payment of KRW 1.4 billion, intermediate payment of KRW 2.8 billion on May 12, 2021 then KRW 1 billion on May 27, 2021 and KRW 1.5 billion on June 8 and rest KRW 5.8 billion on June 15, 2021. As on May 25, 2021, Second intermediate payment of KRW 1 billion will be paid on May 27, 2021, third intermediate payment of KRW 3 billion will be paid on June 3, 2021 and the balance amount of KRW 5.8 billion will be paid on June 15, 2021. The transaction is expected to close on May 25, 2021. As on May 25, 2021, the transaction is expected to close on June 15, 2021.
Im Il-woo completed the acquisition of 11% stake in IM Co.,Ltd (KOSDAQ:A101390) from Park Se- cheol on June 15, 2021. Acquisition is financed by Im Il-woo own funds.
IM Co Ltd is a Korea-based company principally engaged in the manufacture and sale of optical module components. The Company provides optical solution products including digital versatile disc (DVD) optical pickup, blue ray optical pickup, pico projectors and others. The Company also produces camera lenses, auto focus modules, among others used in mobiles. The Company sells its products within domestic market and to overseas markets.
IM CO.,LTD 
