Widwin Investment Fund 37 and Widwin Investment Fund 38, funds of Widwin Investment Co., Ltd. cancelled the acquisition of 37.14% stake in DUAL Industrial. Co., Ltd. from IHC Co., Ltd., DUAL Moolsan Co., Ltd and Yongja Jung.
September 06, 2019
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Widwin Investment Fund 37 and Widwin Investment Fund 38, funds of Widwin Investment Co., Ltd. signed a contract to acquire 37.14% stake in DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) from IHC Co., Ltd., DUAL Moolsan Co., Ltd and Yongja Jung for KRW 16 billion on September 7, 2018. Widwin Investment Fund 37 and Widwin Investment Fund 38 will acquire 4.83 million shares at KRW 3309 per share. Widwin Investment Fund 37 will acquire 4.52 million shares and Widwin Investment Fund 38 will acquire 0.31 million shares. IHC Co., Ltd. will sell 4.52 million shares, DUAL Moolsan Co., Ltd. will sell 0.16 million shares and Yongja Jung will sell 0.15 million shares of DUAL Industrial. Co., Ltd. Widwin Investment Fund 37 and Widwin Investment Fund 38 will pay a deposit of KRW 3.2 billion on September 7, 2018, a second payment of KRW 4.8 billion and balance of KRW 8 billion. As per the amendment on October 23, 2018, Widwin Investment Fund 37 will acquire 4.5 million shares and Widwin Investment Fund 38 will acquire 0.3 million shares of DUAL Industrial. Co., Ltd. The transaction is expected to be completed on October 30, 2018.
Widwin Investment Fund 37 and Widwin Investment Fund 38, funds of Widwin Investment Co., Ltd. cancelled the acquisition of 37.14% stake in DUAL Industrial. Co., Ltd. (KOSDAQ:A078590) from IHC Co., Ltd., DUAL Moolsan Co., Ltd and Yongja Jung on September 7, 2019.
Hyulim A-Tech Co Ltd, formerly Diac Co Ltd, is a Korea-based company mainly engaged in the manufacture and sale of automobile parts. The Company is engaged in the manufacture and sale of interior materials including carpets and trunk trims, as well as exterior materials such as wheel guards and under covers. Additionally, the Company is engaged in the manufacture of automobiles and trailers.
Widwin Investment Fund 37 and Widwin Investment Fund 38, funds of Widwin Investment Co., Ltd. cancelled the acquisition of 37.14% stake in DUAL Industrial. Co., Ltd. from IHC Co., Ltd., DUAL Moolsan Co., Ltd and Yongja Jung.