Logos Industry Co., Ltd. along with Sung-Hee Yoo and 15 other management parties of Duckyang completed the acquisition of of 50% stake in Duckyang Ind. Co., Ltd. from Visteon Corporation (NYSE:VC).
April 30, 2014 at 12:00 am EDT
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Logos Industry Co., Ltd. along with Sung-Hee Yoo and 15 other management parties of Duckyang entered into an agreement to acquire 50% stake in Duckyang Ind. Co., Ltd. (KOSE:A024900) from Visteon Corporation (NYSE:VC) for $24.1 million on March 19, 2014. Under the terms of agreement, in addition to the $24.1 million from the share sale, Visteon expects to receive approximately $5.9 million in dividends. Sung-Hee Yoon will acquire additional 8% Kook-Jin Lee will acquire 8.5%, Sang-Hee Park will acquire 0.39%, Ran-Soo ha will acquire 1.9%, Young-Joo Yoo will acquire 0.96%, Myoung-Jae lee will acquire 0.81%, Yong-Seok Park, Young-Rin Yin, Jong-Sook Lee, Chan-Seong Moon, Jang-Gyu Park, Young-Gyu Lee, Yoon-Ho Kim and Sang-Rak wil acquire 2.89%, 0.4%, 0.4%0.3%, 0.3%, 0.2%, 0.12% and 0.12% respectively in Duckyang. The transaction is subject to closing conditions and is expected to be completed in April 2014.
Logos Industry Co., Ltd. along with Sung-Hee Yoo and 15 other management parties of Duckyang completed the sale of 50% stake in Duckyang Ind. Co., Ltd. (KOSE:A024900) from Visteon Corporation (NYSE:VC) in April, 2014.
Visteon Corporation is a global automotive technology company serving the mobility industry. The Company's platforms leverage hardware and software solutions that enable the digital, electric, and autonomous evolution of the Company's global automotive customers, including BMW, Ford, Geely, General Motors, Honda, Jaguar/Land Rover, Mahindra, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Renault, Stellantis, Tata, Toyota, and Volkswagen. The Company operates through the Electronics segment, which provides vehicle cockpit electronics products to customers, including digital instrument clusters, domain controllers with integrated advanced driver assistance systems (ADAS) displays, Android-based infotainment systems, and battery management systems. The Company designs and manufactures automotive electronics and connected car solutions, such as instrument clusters, information displays, infotainment, battery management systems, high-voltage power electronics, telematics solutions and others.
Logos Industry Co., Ltd. along with Sung-Hee Yoo and 15 other management parties of Duckyang completed the acquisition of of 50% stake in Duckyang Ind. Co., Ltd. from Visteon Corporation (NYSE: VC).
VISTEON CORPORATION 
