JKW Partners Co., Ltd, GMU Holdings Investment Partnership and Capua Corporation completed the acquisition of 13.9% stake in S&W Corporation from Hwa Sup Jung.
November 22, 2018
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JKW Partners Co., Ltd, GMU Holdings Investment Partnership and Capua Corporation agreed to acquire 13.9% stake in S&W Corporation (KOSDAQ:A103230) from Hwa Sup Jung for KRW 11 billion on August 10, 2018. Under the transaction, Hwa Sup Jung will sell 0.27 million shares to JKW Partners Co., Ltd, 0.45 million shares to GMU Holdings Investment Partnership and 0.27 million shares at KRW 11,000 per share. GMU Holdings Investment Partnership will acquire 6.31% stake and Capua Corporation will acquire 3.7% stake; and payment of the balance amount by August 16, 2018.
As on August 13, 2018, GMU Holdings Investment Partnership will now acquire 0.27 million shares; and Pyungsan Wintech Co., Ltd. and Pyungsan Emtech Co., Ltd. will acquire 0.18 million shares. As on August 10, 2018, JKW Partners Co., Ltd completed the acquisition of 3.78% stake in S&W Corporation for KRW 3 billion. As on August 17, 2018, Capua Corporation completed the acquisition of 0.1 million shares; Pyungsan Wintech Co., Ltd. completed the acquisition of 0.09 million shares and Pyungsan Emtech Co., Ltd. completed the acquisition of 0.09 million shares.
JKW Partners Co., Ltd, GMU Holdings Investment Partnership and Capua Corporation completed the acquisition of 13.9% stake in S&W Corporation (KOSDAQ:A103230) from Hwa Sup Jung on November 23, 2018.
S&W Corporation is a Korea-based company mainly engaged in the manufacture of diesel engine parts. The Company operates its business though three main divisions: diesel engine parts division, industrial components division and forging parts division. Its diesel engine parts division engages in the manufacture of cams, camshafts, valves, seat rings, engine bolts, nuts and others. Its industrial components division engages in the manufacture of industrial bolts, which are used in petrochemical industries, constructions, offshore projects, heavy industries and power plant facility areas. Its forging parts division engages in the manufacture of forged products, which are used in heavy equipment, industrial machineries and automobile industrial fields. The Company distributes its products within domestic market and to overseas markets.
JKW Partners Co., Ltd, GMU Holdings Investment Partnership and Capua Corporation completed the acquisition of 13.9% stake in S&W Corporation from Hwa Sup Jung.