An unknown buyer completed the acquisition of a 28.75% stake in U&I Corporation from Ja-gyo Gu, Jia Kim, Donghwan Gu, Sangmin Kim and Jun-gyo Jung.
March 27, 2022
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An unknown buyer entered into a contract to acquire a 28.75% stake in U&I Corporation (KOSDAQ:A056090) from Ja-gyo Gu, Jia Kim, Donghwan Gu, Sangmin Kim and Jun-gyo Jung for KRW 26 billion on February 11, 2022. Ja-gyo Gu, Jia Kim, Donghwan Gu, Sangmin Kim and Jun-gyo Jung will sell 1,878,934 shares (19.19%), 506,423 shares (5.17%), 200,000 shares (2.04%), 50,000 shares (0.51%) and 180,204 shares (1.84%) shares, respectively for KRW 9,234 per share. Transaction is expected to close on March 31, 2022.
An unknown buyer completed the acquisition of a 28.75% stake in U&I Corporation (KOSDAQ:A056090) from Ja-gyo Gu, Jia Kim, Donghwan Gu, Sangmin Kim and Jun-gyo Jung on March 28, 2022.
Innosys Co Ltd, formerly EdisonInno Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of orthopedic medical devices. The Company operates its business through two segments. The Medical Device Business segment is engaged in the manufacture and sale of spinal fixation devices, micro-invasive medical devices for the treatment of back pain, fracture treatment devices, bioabsorbable alloy implants and other products. The Electric Energy Business segment is engaged in the manufacture and sale of electricity meters, integrated calorimeters and other products.