Seojin Automotive Co.,Ltd. agreed to acquire remaining 20% stake in Seojin Railway Baegeon Co., Ltd. from QCP Growth 2013 Private Equity Fund managed by Q Capital Partners Co., Ltd. for KRW 11.6 billion.
May 25, 2021
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Seojin Automotive Co.,Ltd. (KOSDAQ:A122690) agreed to acquire remaining 20% stake in Seojin Railway Baegeon Co., Ltd. from QCP Growth 2013 Private Equity Fund managed by Q Capital Partners Co., Ltd. (KOSDAQ:A016600) for KRW 11.6 billion on May 26, 2021. Post transaction, Seojin Automotive will own 100% stake in Seojin Railway Baegeon. As at December 31, 2020, Seojin Railway Baegeon had total assets of KRW 83.2 billion and total equity of KRW 37.6 billion.
For the year ended December 31, 2020, Seojin Railway Baegeon had total revenues of KRW 77.5 billion and net income of KRW 1.1 billion. The transaction is expected to close on June 3, 2021.
Seojin Automotive Co., Ltd. is a Korea-based company engaged in the manufacture and distribution of automobile parts. The Company, along with its subsidiaries, mainly provides clutches, CAM shafts, cowls, bumpers, main cores, consoles, mounts, dampers, lower arms, spring pads, bearings, weather strips, glass runs, hoses, hoods, rear beams, under body skid plates, side sills, load floors, steering wheels, flywheels, metal molds, wheel covers and others, which are applied in the automobile transmission, brake and engine systems, automobile body and others. In addition, it is involved in the import and export of automobile parts. The Companyâs main clients include Hyundai Motor Co., Ltd, KIA Motors Corporation, Hyundai Mobis Co., Ltd and others.
Seojin Automotive Co.,Ltd. agreed to acquire remaining 20% stake in Seojin Railway Baegeon Co., Ltd. from QCP Growth 2013 Private Equity Fund managed by Q Capital Partners Co., Ltd. for KRW 11.6 billion.
SEOJIN AUTOMOTIVE CO.,LTD. 
