Jungyi Baek acquired 2.2% stake in CNPLUS Co., Ltd. from Taebin Im for approximately KRW 650 million.
August 05, 2018
Share
Jungyi Baek acquired 2.2% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Taebin Im for approximately KRW 650 million on July 27, 2018. Under the terms of transaction, Jungyi Baek acquired 0.82 million shares at KRW 796 each.
Jungyi Baek completed the acquisition of 2.2% stake in CNPLUS Co., Ltd. (KOSDAQ:A115530) from Taebin Im on July 27, 2018.
CNPLUS Co., Ltd. is a Korea-based company mainly engaged in the manufacture of connectors. The Company manufactured electrical network and connect devices. It produces high precision connectors, such as top, bottom and double-sided contact connectors, micro fine pitch connectors, and pin connectors used for television modules, liquid crystal displays (LCDs), plasma display panels (PDPs), optical disk drives (ODDs) and others. The Companyâs main clients are Samsung SDI, Samsung Electronics, LG Innotek, HITACHI, Nidec, CHANGHONG, Sony Optiarc and others. The Company distributes its products within domestic market and to overseas markets. On December 26, 2012, the Company sold certain shares of a subsidiary, a Korea-based investment company. After the transaction, it held 40% stake of the Korea-based company.
CNPLUS CO., LTD. 
