Gesko Company Limited, NKTECH Co., Ltd. and an unknown buyer cancelled the acquisition of 59.06% stake in Enk Co., Ltd. from NK Co., Ltd..
November 13, 2014 at 12:00 am EST
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Gesko Company Limited, NKTECH Co., Ltd. and an unknown buyer agreed to acquire 59.06% stake in Enk Co., Ltd. from NK Co., Ltd. (KOSE:A085310) for KRW 1.3 billion on November 13, 2013. NKTECH Co., Ltd. is acquiring 0.9 million shares for KRW 348.2 million and Gesko Company Limited is acquiring 0.98 million shares for KRW 380.54 million. NK Co., Ltd. is selling 3.5 million shares of Enk Co., Ltd. representing 59.06% stake. The transaction has been resolved by Board of Directors of NK Co., Ltd. and is expected to close by December 13, 2013.
As of December 16, 2013, it was announced that Gesko Company Limited, NKTECH Co., Ltd. and an unknown buyer agreed to acquire 59.06% stake in Enk Co., Ltd. from NK Co., Ltd. for KRW 1.24 billion. Where in NKTECH Co., Ltd. is acquiring 0.9 million shares for KRW 348.2 million and Gesko Company Limited is acquiring 0.98 million shares for KRW 380.5 million. The transaction is expected to close on December 18, 2013.
As of December 18, 2013, it was announced that Gesko Company Limited, NKTECH Co., Ltd. and an unknown buyer agreed to acquire 59.06% stake in Enk Co., Ltd. from NK Co., Ltd. for KRW 1.26 billion. Where in NKTECH Co., Ltd. is acquiring 0.9 million shares for KRW 360 million and Gesko Company Limited is acquiring 0.98 million shares for KRW 393.38 million.
Gesko Company Limited, NKTECH Co., Ltd. and an unknown buyer cancelled the acquisition of 59.06% stake in Enk Co., Ltd. from NK Co., Ltd. (KOSE:A085310) on November 13, 2014.
NK CO., LTD. is a Korean company principally engaged in the manufacture and provision of fire extinguishing systems and high pressure gas cylinders. The Company operates its businesses through fire extinguishing system division, which provides carbon dioxide (CO2) systems for car carriers and engine rooms, loose fire fighting systems used as portable fire extinguishers for small scale fire, foam systems, dry powder systems and others; high pressure gas cylinder division, which provides industrial high pressure gas cylinders, compressed natural gas (CNG) fuel cylinders and industrial special gas cylinders, among others; ballast water treatment division, which provides ballast water treatment facilities, including ozone systems, filtration and electrolysis systems and others, and plant division, which mainly provides plant engineering services and relevant facilities. On December 18, 2013, the Company sold its entire shares of ENK CO., LTD.
NK CO., LTD. 