SGC Energy Co.,Ltd. acquired 95% stake in SMG Energy Co., Ltd. from Gunjang Energy Co., Ltd. and eTEC E&C Limited for KRW 55.1 billion.
November 26, 2020
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SGC Energy Co.,Ltd. (KOSE:A005090) acquired 95% stake in SMG Energy Co., Ltd. from Gunjang Energy Co., Ltd. and eTEC E&C Limited (KOSDAQ:A016250) for KRW 55.1 billion on November 2, 2020. As reported, SGC Energy Co.,Ltd. acquired 11.03 million shares at a price of KRW 5,000 per share in SMG Energy Co., Ltd. out of which SGC E-Tech E&C will sell 0.65 million shares representing 5.63% stake and Gunjang Energy Co., Ltd. will sell 10.37 million shares representing 89.37% stake.
SGC Energy Co.,Ltd. (KOSE:A005090) acquired 95% stake in SMG Energy Co., Ltd. from Gunjang Energy Co., Ltd. and eTEC E&C Limited (KOSDAQ:A016250) on November 2, 2020.
SGC E&C Co Ltd, formerly SGC eTEC E&C Co Ltd, is a Korea-based company mainly engaged in the construction business. The Company operates its business through four segments. The Plant Business segment provides construction and engineering services in related fields such as new and renewable energy, petrochemicals, fine chemistry, liquid crystal display (LCD) and semiconductor materials, power generation and energy. The Civil Engineering segment engages in construction works such as civil and non-residential buildings, apartment houses, and factory buildings, and the development of real estates. The Terminal Business segment engages in the rental of cargo terminals and the sale of petroleum. The Other segment provides management support for business operations.
SGC E&C CO., LTD. 
