IMC International Metalworking Companies B.V. acquired 7.85% stake in YG-1 Co., Ltd. from ISCAR LTD. for KRW 12.1 million
June 24, 2020
Share
IMC International Metalworking Companies B.V. acquired 7.85% stake in YG-1 Co., Ltd. (KOSDAQ:A019210) from ISCAR LTD. for KRW 12.1 million on June 25, 2020. As part of the acquisition, IMC International Metalworking Companies B.V. will acquire 2.4 million shares of YG-1 Co., Ltd. at KRW 5,036 per share.
IMC International Metalworking Companies B.V. completed the acquisition of 7.85% stake in YG-1 Co., Ltd. (KOSDAQ:A019210) from ISCAR LTD. on June 25, 2020.
YG-1 CO.,LTD is a Korea-based company engaged in the manufacture and distribution of cutting tools. The Companyâs products mainly consist of end mills, including high speed steel (HSS) types, tank-power types, normal carbide types, jet-power types and others; taps, including spiral flute taps, gun point taps, straight flute taps, hand taps, roll taps, pipe tips and nut taps, and drills, including carbide drills, HSS drills, carbide spade drills and spade drills. It also provides rotary burrs, cutters and accessories. The Company distributes its products within domestic market and to overseas markets.
YG-1 CO., LTD. 
