BYON Co., Ltd. cancelled the acquisition of 49.9% stake in ROLBK Co., Ltd. from Roh Yoon-Seok and others.
April 31, 2017
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Polyvision Co., Ltd. (KOSDAQ:A032980) agreed to acquire 49.9% stake in ROLBK Co., Ltd. from Roh Yoon-Seok and others for KRW 2.2 billion on April 1, 2016. Polyvision shall purchase 0.01 million shares and issue 24th convertible bonds. ROLBK recorded total assets of KRW 927 million, sales of KRW 1.5 billion and net profit of KRW 422 million, as on December 31, 2015. Board of Polyvision resolved the deal on April 1, 2016. The deal is expected to close on April 4, 2016.
BYON Co., Ltd. (KOSDAQ:A032980) cancelled the acquisition of 49.9% stake in ROLBK Co., Ltd. from Roh Yoon-Seok and others on April 1, 2017.
BYON Co., Ltd., formerly Polyvision Co., Ltd is a Korea-based company primarily engaged in the manufacture and distribution of industrial materials. The Company operates its business through three segments. Its Industrial Material segment manufactures tarpaulins, banner flexes and polyvinyl chloride (PVC) flooring materials, which are used for truck covers, roof covers, billboards, flags, container bags and house decoration tiles. Its Overseas Resources Development segment explores copper and molybdenum. Its Bio Medical segment sells medicines and medical equipment. The Company distributes its products within domestic market and to overseas markets.