Kodaco Co., Ltd completed the acquisition of 2.64% stake in JICO co., Ltd.
April 12, 2017
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Kodaco Co., Ltd (KOSDAQ:A046070) agreed to acquire 15.19% stake in JICO co., Ltd (KOSE:A010580) from Jupiter Investment Co., Ltd., TMH Co., Ltd., FIT Technology Co., Ltd., Taehoon Kim, Jaesung Kim and Ssunghwan Lee for KRW 12.3 billion on March 29, 2017. The contract was signed on March 30, 2017. Under the terms of the transaction, Kodaco Co., Ltd will acquire 6.33 million shares of JICO co., Ltd. Jupiter Investment Co., Ltd. will sell its 2.4 million share, TMH Co., Ltd. will sell its 1.5 million shares, FIT Technology Co., Ltd. will sell its 1.3 million shares, Taehoon Kim will sell its 0.26 million shares, Jaesung Kim will sell its 0.4 million shares and Ssunghwan Lee will sell its 0.39 million shares. On April 13, 2017, Jupiter Investment Co., Ltd. sold 1.19 million shares. The transaction was resolved by the Board of Directors of Kodaco Co., Ltd on March 29, 2017. The transaction is expected to complete on May 15, 2017.
Kodaco Co., Ltd (KOSDAQ:A046070) completed the acquisition of 2.64% stake in JICO co., Ltd (KOSE:A010580) on April 13, 2017.
SM Bexel Co Ltd, formerly Jico Co Ltd, is a Korea-based company engaged in the manufacture and sale of automobile parts. The Companyâs products consist of water pumps, oil pumps for internal combustion engines, front cases, cylinder heads, as well as automotive parts such as clutches and pistons for gearboxes. In addition, the Company is also engaged in the provision of shafts for automobile assemblies. The Company distributes its products within domestic market and to overseas markets.
SMBEXEL COMPANY 