Korea Parts & Fasteners Co., Ltd. cancelled the sale of unknown stake in TMC Co., Ltd.
November 09, 2017
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Korea Parts & Fasteners Co., Ltd. (KOSDAQ:A024880) agreed to sell unknown stake in TMC Co., Ltd. for KRW 23.5 billion on November 10, 2016. Korea Parts & Fasteners will sell 1.8 million shares of TMC and will not hold any stake in TMC on closing. In an amendment on November 10, 2016 Korea Parts & Fasteners Co., Ltd. (KOSDAQ:A024880) will sell 1.83 million shares for KRW 12,821 per share. The transaction is expected to close on November 14, 2016.
Korea Parts & Fasteners Co., Ltd. (KOSDAQ:A024880) cancelled the sale of unknown stake in TMC Co., Ltd. on November 10, 2017.
Korea Parts & Fasteners is a Korea-based company engaged in the manufacturing and distribution of bolts, nuts and other forging products. The Companyâs products portfolio consists of high torque (H/T) bolts, tensile control (T/C) bolts, structural bolts and couplings, which are used in construction works; heavy hex bolts, heavy hex nuts and stud bolts, which are used in petrochemical plants; flange nuts, flange screws, castle nuts, cylinder head bolts and others, which are used in heavy equipment; bearing inner and outer races, gear blanks, pinion gears and others, which are used for automobiles, as well as foundation anchor bolts, barrel nuts and others, which are used in wind power plants. The Company also involves in the building leasing business.
KOREA PARTS & FASTENERS CO.,LTD 
