DIC Global Co., Ltd acquired Daeil Automotive Parts (Zhangjiagang) Co., Ltd from DAE-IL Corporation for KRW 50 billion.
July 05, 2016
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DIC Global Co., Ltd agreed to acquire an unknown stake in Daeil Automotive Parts (Zhangjiagang) Co., Ltd from DAE-IL Corporation (KOSE:A092200) for KRW 50 billion on July 6, 2016. Daeil Automotive Parts (Zhangjiagang) Co., Ltd reported total assets of KRW 153.42 billion, net assets of KRW 52.52 billion, sales of KRW 51.95 billion and net loss of KRW 3.3 billion in 2015. The transaction is expected to be completed on August 5, 2016.
DAE-IL Corporation is a Korea-based company mainly engaged in the manufacture of automobile parts and heavy equipment parts. The Company mainly provides three categories of products: automobile parts, which include diff sub-assemblies, clutch shafts, planet carrier shafts, oil pump gears, reaction shaft assemblies and others used for transmissions and engines of passenger cars and commercial vehicles; heavy equipment parts, such as transaxle and drive axle assemblies for transmissions of heavy equipment, such as forklifts, and motorcycle parts, which include engines and transmission assemblies for motorcycles and industrial machines. The Company distributes its products within domestic market and to overseas markets.
DAE-IL CORPORATION 
