Treeful Hills Co., Ltd. signed an agreement to acquire land in lot 236 and 7 others in Bogyong-dong, Yuseong-gu, Daejeon-si, South Korea from Youngbo Chemical Co., Ltd. for KRW 37.6 billion.
October 19, 2016
Share
Treeful Hills Co., Ltd. signed an agreement to acquire Land in lot 236 and 7 others in Bogyong-dong, Yuseong-gu, Daejeon-si, South Korea from Youngbo Chemical Co., Ltd. (KOSE:A014440) for KRW 37.6 billion on October 20, 2016. The transaction was resolved by the board of directors of Youngbo Chemical. As per the amendment received on May 25, 2017, Treeful Hills Co., Ltd. will pay KRW 37.4 billion for the acquisition to Youngbo Chemical Co., Ltd. The transaction is expected to close on June 30, 2017. As per the amendment received the transaction is now expected to close on May 29, 2017.
Youngbo Chemical Co., Ltd. is a Korea-based company mainly engaged in the manufacture and distribution of cross-linked polyolefin foam products. The Companyâs products are divided into two types: poly ethylene (PE) and propene polymer (PP). The Company markets its products under the brand name Artilon, Epilon, Youngboard, Filmy, Heatlon and others, which are used as automobile internal materials, construction materials and industrial materials with heat resistant, heat retaining, sound absorption, sealing, buffering, compacting and other functions. Its products are also used as electronic materials, such as materials for mobiles and others. The Company distributes its products within domestic market and to overseas markets. On April 1, 2014, it divested construction material business into a new new wholly owned subsidiary.
Treeful Hills Co., Ltd. signed an agreement to acquire land in lot 236 and 7 others in Bogyong-dong, Yuseong-gu, Daejeon-si, South Korea from Youngbo Chemical Co., Ltd. for KRW 37.6 billion.
YOUNGBO CHEMICAL CO., LTD. 
