Kumho Petrochemical Co., Ltd. (KOSE:A011780) agreed to acquire remaining 50% stake in Kumho Polychem Co., Ltd. from JSR Corporation (TSE:4185) on May 11, 2021. Under the terms, Kumho Petrochemical will acquire 2.15 million shares of Kumho Polychem. The financials of Kumho Polychem for December 31, 2020, are total assets of KRW 405.9 billion, net assets of KRW 304.7 billion, revenues of KRW 328 billion and operating profit of KRW 2.99 billion. The transaction is expected to close on July 1, 2021.

Kumho Petrochemical Co., Ltd. (KOSE:A011780) completed the acquisition of remaining 50% stake in Kumho Polychem Co., Ltd. from JSR Corporation (TSE:4185) for approximately KRW 150 billion on July 1, 2021. As per terms of transaction, KRW will acquire KRW 70,374.72 for per share.