Tailim Paper Co., Ltd acquired 58.85% stake in Tailim Packaging Co., Ltd. from Sae-A Investment Co., Ltd for approximately KRW 190 billion.
January 30, 2020
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Tailim Paper Co., Ltd entered into an agreement to acquire 58.85% stake in Tailim Packaging Co., Ltd. (KOSE:A011280) from Sae-A Investment Co., Ltd. for approximately KRW 210 billion on January 28, 2020. Tailim Paper Co., Ltd entered into an agreement to acquire 58.85% stake in Tailim Packaging Co., Ltd. (KOSE:A011280) from Sae-A Investment Co., Ltd. for approximately KRW 190 billion on January 28, 2020. Under the terms, Tailim Paper Co., Ltd acquired 41.7 million shares in Tailim Packaging Co., Ltd at a price of KRW 5,130 per share. As of August 24, 2020, Tailim Paper Co., Ltd acquired 41.7 million shares were acquired at a price of KRW 4,503 per share.
Tailim Paper Co., Ltd completed the acquisition of additional 58.85% stake in Tailim Packaging Co., Ltd. (KOSE:A011280) from Sae-A Investment Co., Ltd. on January 31, 2020.
Tailim Packaging Co., Ltd, formerly Tailim Packaging Industrial Co., Ltd., is a Korea-based company principally engaged in the manufacturing and sale of corrugated boxes. Along with its subsidiaries, the Company operates its business through three segments. Corrugated Boxes segment manufactures and sells boxes, materials and by-products. Corrugated Papers segment manufactures and sells test liner papers, corrugating medium papers and tube papers, also does waste disposal. Freight Transportation segment operates the transportation of goods. The Company distributes its products within domestic market and to overseas markets.
TAILIM PACKAGING CO., LTD. 
