Polaris Office Corp., Leenos Corp., Sewon Co.,Ltd and POLARIS UNO, Inc. completed the acquisition of 20% stake in EstechPharma Co., Ltd. from Jae-cheol Kim and Seon-hee Bae.
March 26, 2024
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Polaris Office Corp. (KOSDAQ:A041020), Leenos Corp. (KOSDAQ:A039980), Sewon Co.,Ltd (KOSDAQ:A234100) and POLARIS UNO, Inc. (KOSDAQ:A114630) agreed to acquire 20% stake in EstechPharma Co., Ltd. (KOSDAQ:A041910) from Jae-cheol Kim and Seon-hee Bae for KRW 40 billion on February 29, 2024. As per the transaction, Polaris Office Corp., Leenos Corp., Sewon Co.,Ltd and POLARIS UNO, Inc. will purchase 2.4 million shares at KRW 16,809 per share.
Polaris Office Corp. (KOSDAQ:A041020), Leenos Corp. (KOSDAQ:A039980), Sewon Co.,Ltd (KOSDAQ:A234100) and POLARIS UNO, Inc. (KOSDAQ:A114630) completed the acquisition of 20% stake in EstechPharma Co., Ltd. (KOSDAQ:A041910) from Jae-cheol Kim and Seon-hee Bae on March 27, 2024
Sewon Co Ltd is a Korea-based company mainly engaged in the heating, ventilation and air conditioning (HAVC) related parts. The Company operates its business through three segments. The Automotive Air Conditioning Part segment is mainly engaged in the production and sale of air conditioning related parts such as header capacitors, radiator caps, evaporators and pipes. In addition, the segment also engaged in the production and sale of other auto parts such as wipers and seat motor brackets. The Synthetic Yarn segment is mainly engaged in the manufacture and sale of yarn for wigs. The Chemical segment is mainly engaged in the manufacture and sale of optical monomers.
Polaris Office Corp., Leenos Corp., Sewon Co.,Ltd and POLARIS UNO, Inc. completed the acquisition of 20% stake in EstechPharma Co., Ltd. from Jae-cheol Kim and Seon-hee Bae.