Hyun-Gyeom Kim cancelled the acquisition of 2.55% stake in Heshbon Co., Ltd. from Man-Chul Song.
November 16, 2016
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Hyun-Gyeom Kim signed a contract to acquire 2.55% stake in Heshbon Co., Ltd. (KOSDAQ:A054300) from Man-Chul Song for KRW 5 billion on November 17, 2015. Hyun-Gyeom Kim will acquire 0.5 million shares of Heshbon Co., Ltd. Hyun-Gyeom Kim will also acquire the management rights of Heshbon Co., Ltd. Hyun-Gyeom Kim paid KRW 1 billion at the time of contract, will make the second payment of KRW 1 billion on November 24, 2015 and will make the balance payment of KRW 3 billion before extraordinary meeting of shareholders. The shares will be transferred to Hyun-Gyeom Ki after the balance payment.
Hyun-Gyeom Kim cancelled the acquisition of 2.55% stake in Heshbon Co., Ltd. (KOSDAQ:A054300) from Man-Chul Song on November 17, 2016.
Panstar Enterprise Co., Ltd., formerly HESHBON.Co. Ltd. is a Korea-based company engaged in the manufacturing of automobile maintenance equipment. The Company's products consist of automotive lifts, including wheel alignment lifts, motorcycle lifts, scissor lifts and others; wheel equipment, including wheel aligners, wheel balancers and tire changers, as well as automatic transmission fluid (ATF) changers, exhaust gas detectors, smoke detectors, engine tune-up machines and auto consumables among others. The Company supplies its products within domestic market and to overseas markets, including France, North and South America, Australia, the Middle East and Japan.
PANSTAR ENTERPRISE CO.,LTD. 
