Chang-Gook Yang, Byung-Min So, and three other investors acquired 2.08% stake in SI Resources Co.,Ltd. from KP Co., Ltd. and other seller for KRW 1.9 billion.
November 02, 2012 at 12:00 am EDT
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Chang-Gook Yang, Byung-Min So, and three other investors acquired 2.08% stake in SI Resources Co.,Ltd. (KOSE:A065420) from KP Co., Ltd. (KOSE:A009810) and other seller for KRW 1.9 billion on October 26, 2012. KP Co., Ltd. sold 0.85 million shares to Byung-Min So, and three other investors at the price of KRW 1,500 per share. Other seller sold 0.4 million shares to Chang-Gook Yang at the price of KRW 1,500 per share. KP Co., Ltd. reduced its holding to 2.95 million shares in SI Resources Co.,Ltd.
Chang-Gook Yang, Byung-Min So, and three other investors completed the acquisition of 2.08% stake in SI Resources Co.,Ltd. (KOSE:A065420) from KP Co., Ltd. (KOSE:A009810) and other seller on October 26, 2012.
SI RESOURCES CO., LTD. is a Korea-based company mainly engaged in the soft coal business. The Company operates in two business segments: soft coal segment and fabric segment. Its soft coal segment engages in the development, manufacture and marketing of soft coals, which are used for thermal power generation. Its fabric segment engages in the manufacture of jacquard fabrics, which are used for jackets, blouses, skirts, underwear and other apparels. The Company distributes its products within domestic market and to overseas markets, including Turkey, Europe, the Middle East, Central and South America, North America and others.
Chang-Gook Yang, Byung-Min So, and three other investors acquired 2.08% stake in SI Resources Co.,Ltd. from KP Co., Ltd. and other seller for KRW 1.9 billion.
SI RESOURCES CO., LTD. 
