Daelim Chemical Co. Ltd and Samhwa Paints Industrial Co., Ltd. acquired 90% stake in Kjc Co., Ltd. for approximately KRW 900 million.
October 29, 2020
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Daelim Chemical Co. Ltd and Samhwa Paints Industrial Co., Ltd. (KOSE:A000390) acquired 90% stake in Kjc Co., Ltd. for approximately KRW 900 million on October 30, 2020. Kjc has total assets of KRW 6.8 billion and total capital of -KRW 1.5 billion as of December 31, 2019. The Chief Executive Officer of Kjc, is not elected due to resignation.
Daelim Chemical Co. Ltd and Samhwa Paints Industrial Co., Ltd. (KOSE:A000390) completed the acquisition of 90% stake in Kjc Co., Ltd. on October 30, 2020.
SAMHWA PAINTS INDUSTRIAL CO., LTD. is a Korea-based company mainly engaged in the production and sale of paints. Along with subsidiaries, the Company operates its business through four segments. The Paint Segment manufactures and sells architectural, industrial paints. It is also involved in the production and sale of paints for phase change materials (PCMs). The Transportation Arrangement segment provides transportation and storage services for raw materials and products. The Information Technology (IT) segment is involved in the provision of information system development and management, consulting and other services. The Financial segment provides retail financial services. The Company distributes its products within the domestic market and to overseas markets, including Asia and Europe.
SAMHWA PAINTS INDUSTRIAL CO., LTD. 