Sinchon Station Ltd., SMHiplus Corporation and Sm Industry Co.,Ltd acquired 8.9% stake in Hwajin Co., Ltd. from Samra Midas Group and Hwajin International Co.,Ltd. for KRW 2.8 billion.
August 23, 2020
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Sinchon Station Ltd., SMHiplus Corporation and Sm Industry Co.,Ltd acquired 8.9% stake in Hwajin Co., Ltd. from Samra Midas Group and Hwajin International Co.,Ltd. for KRW 2.8 billion on July 17, 2020. Sinchon Station Ltd., SMHiplus Corporation and Sm Industry Co.,Ltd acquired 5.55 million shares at KRW 500 per share. Each acquired 0.19 million shares. Post completion, Samra Midas Group and Hwajin International Co.,Ltd. will hold zero and 71.98% (44.84 million shares) stake respectively.
Sinchon Station Ltd., SMHiplus Corporation and Sm Industry Co.,Ltd completed the acquisition of 8.9% stake in Hwajin Co., Ltd. from Samra Midas Group and Hwajin International Co.,Ltd. on July 17, 2020.
SM Hwajin Co Ltd, formerly HWAJIN Co., Ltd., is a Korea-based company mainly engaged in the manufacture and sale of automobile interior components. The Company's products portfolio consists of wood grain products used for steeling wheels, rear switches, plate consoles, knob outers, keyboards, rear cases and others, and ion plasma evaporation (IPE) products used as painting and molding products for insert damper knobs, stop and start buttons, indicator cover switch body, wheel decoration rings, bezel covers and others. It also involves in the wholesale of automobile printings through its subsidiary. The Company' s main clients are Hyundai, KIA Motors, Ssangyong Motor, Nissan, Honda, LG Electronics and others. The Company distributes its products within domestic market and to overseas markets.
Sinchon Station Ltd., SMHiplus Corporation and Sm Industry Co.,Ltd acquired 8.9% stake in Hwajin Co., Ltd. from Samra Midas Group and Hwajin International Co.,Ltd. for KRW 2.8 billion.
HWAJIN CO LTD 
