Sook-Wan Ahn and Young-Min Hong acquired 1.38% stake in Kukdong Oil & Chemicals Co., Ltd. from Ibest Investment Company Ltd. for KRW 1.5 billion.
April 09, 2015 at 12:00 am EDT
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Sook-Wan Ahn and Young-Min Hong acquired 1.38% stake in Kukdong Oil & Chemicals Co., Ltd. (KOSE:A014530) from Ibest Investment Company Ltd. for KRW 1.5 billion on April 7, 2015. Under the terms of the transaction, Sook-Wan Ahn acquired an additional 0.007 million shares. Young-Min Hong acquired 0.041 million shares at the price of KRW 31,000 per share. Post transaction, Ibest Investment Company Ltd. reduced its holding to 0.78 million shares.
Sook-Wan Ahn and Young-Min Hong completed the acquisition of 1.38% stake in Kukdong Oil & Chemicals Co., Ltd. (KOSE:A014530) from Ibest Investment Company Ltd. on April 7, 2015.
Kukdong Oil & Chemicals Co.,Ltd is a Korea-based company mainly engaged in the manufacturing of lubricants, waterproofing sheets, liquefied petroleum gas (LPG) and asphalt products. The lubricants include industrial lubricants, metal working fluid, process oil, liquid paraffin, greases and paraffin waxes used for industrial machines, cosmetics, pharmaceuticals, rubber mixture and others. The waterproofing sheets are mainly used in construction sector. The LPG is used for heating systems and automobiles. The asphalt products are used in construction and automobiles. The Company distributes its products within domestic market and to overseas markets.
KUKDONG OIL & CHEMICALS CO.,LTD 
