Hankuk Carbon Co., Ltd. completed the acquisition of Hankuk Advanced Materials Co., Ltd. from Jo Yeon-ho and others.
September 29, 2023
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Hankuk Carbon Co., Ltd. (KOSE:A017960) agreed to acquire Hankuk Advanced Materials Co., Ltd. from Jo Yeon-ho and others for approximately KRW 130 billion on July 12, 2023. As of December 31, 2022, generated total assets of KRW 97.9 billion, sales of KRW 69.7 billion and net income of KRW 8.6 billion. The transaction is expected to close on September 30, 2023.
Hankuk Carbon Co., Ltd. (KOSE:A017960) completed the acquisition of Hankuk Advanced Materials Co., Ltd. from Jo Yeon-ho and others on September 30, 2023.
Hankuk Carbon Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of heat insulation panels. The Companyâs products consist of general materials, such as carbon sheets, which are applied in sports equipment, vehicles, airplanes and architectures; industrial materials, including heat insulation panels, which are applied in liquid natural gas (LNG) carriers, as well as electronic materials used for printed circuit boards (PCBs), and general materials applied in construction industry. Through its subsidiary, it also engages in the wholesale and export proxy business and resource development business.