External investors completed the acquisition of 50.1% stake in Yantai Oriental Precision & Engineering Co., Ltd from Oriental Precision & Engineering Co.,Ltd..
March 17, 2019
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External investors agreed to acquire 50.1% stake in Yantai Oriental Precision & Engineering Co., Ltd from Oriental Precision & Engineering Co.,Ltd. (KOSDAQ:A014940) for KRW 1.9 billion on January 25, 2019. The payment will be done on completion of transaction. The transaction is resolved by the Board of Oriental Precision & Engineering. The transaction is expected to complete on February 28, 2019.
External investors completed the acquisition of 50.1% stake in Yantai Oriental Precision & Engineering Co., Ltd from Oriental Precision & Engineering Co.,Ltd. (KOSDAQ:A014940) on March 18, 2019.
ORIENTAL PRECISION & ENGINEERING CO.,LTD is a Korea-based company engaged in the manufacture and sale of shipping superstructures and shipping machineries. The Company operates its business through two main segments: shipping superstructure segment and shipping machinery segment. Its shipping superstructure segment mainly offers deck houses, engine room casings, funnels, hull blocks and offshore structures such as heavy cargo carriers, floating docks, hopper barges and others. Its shipping machinery segment mainly offers cranes, such as deck cranes, hose handling cranes, provision cranes, knuckle cranes, monorail cranes and gantry cranes; davits, such as life boat davits and free-fall davits, as well as moorings and winches. The Company distributes its products within domestic market and to overseas markets, including Japan, China and Europe.
ORIENTAL PRECISION & ENGINEERING CO.,LTD. 
