Teems Employee Stock Ownership Association and others acquired an additional 8.62% stake in Teems, Inc. from Sohn, Dong-Chan and five related parties.
March 23, 2012 at 12:00 am EDT
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Teems Employee Stock Ownership Association and others acquired an additional 8.62% stake in Teems, Inc. (KOSE:A134790) from Sohn, Dong-Chan and five related parties on March 23, 2012. Sohn, Dong-Chan and five related parties sold 0.17 million Teems shares.
Teems Employee Stock Ownership Association and others completed the acquisition of an additional 8.62% stake in Teems, Inc. (KOSE:A134790) from Sohn, Dong-Chan and five related parties on March 23, 2012.
Sidiz, Inc., formerly Teems, INC., is a Korea-based company mainly engaged in the manufacture of furniture for educational use. The Company produces desks, bookcases, chairs, sofas, lecture desks, tables, cabinets, sinks, experiment benches, beds, storage closets and others. Its products are used for ordinary libraries, ubiquitous computing libraries, ordinary classrooms, dormitories, lecture rooms, laboratories, research rooms and others. It also involves in the furniture processing business. The Company distributes its products within domestic market and to overseas markets. On November 15, 2013, it announced that Sidiz, Inc and four related parties acquired a 4.07% stake of the Company. After the transaction, Sidiz, Inc and the four related parties had a combined 50.50% stake in the Company.
SIDIZ.INC. 
