Gunjang Energy Co., Ltd. acquired additional 20.4% stake in SMG Energy Co., Ltd. from Sam Kwang Glass Co., Ltd. for KRW 2.8 billion.
November 26, 2017
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Gunjang Energy Co., Ltd. acquired additional 20.4% stake in SMG Energy Co., Ltd. from Sam Kwang Glass Co., Ltd. (KOSE:A005090) for KRW 2.8 billion on November 23, 2017. As per terms, Gunjang Energy Co., Ltd. acquired 0.65 million shares at KRW 4308 per share. Post completion, Gunjang Energy Co., Ltd. holds 2.6 million shares and Sam Kwang Glass Co., Ltd. will not own any share in SMG Energy Co., Ltd.
Gunjang Energy Co., Ltd. completed the acquisition of additional 20.4% stake in SMG Energy Co., Ltd. from Sam Kwang Glass Co., Ltd. (KOSE:A005090) on November 23, 2017.
SGC Energy Co Ltd, formerly Sam Kwang Glass Co Ltd, is a Korea-based company mainly engaged in the power generation and energy business. The Company is engaged in the collective energy business, combined heat and power generation business, sales of renewable energy certificate (REC), the manufacture and sale of new and renewable energy quartz, the production and sale of steam and electricity. In addition, the Company is engaged in the investment business that controls, directs, organizes and fosters all business contents of subsidiaries.
SGC ENERGY CO.,LTD. 
