Woojin Invest Private Equity Limited Partnership cancelled the acquisition of additional 8.06% stake in Sambu Engineering & Construction Co., Ltd from Hyulim ROBOT Co.,Ltd..
September 16, 2020
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Woojin Invest Private Equity Limited Partnership agreed to acquire additional 8.06% stake in Sambu Engineering & Construction Co., Ltd (KOSE:A001470) from Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) for KRW 18.7 billion on May 23, 2018. Under the terms, Hyulim ROBOT Co.,Ltd. will sell 10 million shares of Sambu Engineering & Construction Co., Ltd. Post acquisition, Hyulim ROBOT Co.,Ltd. will hold 3.56% stake in Sambu Engineering & Construction Co., Ltd. For the year ended December 31, 2018, Sambu Engineering & Construction Co., Ltd reported total assets of approximately KRW 390 billion, sales of approximately KRW 280 billion and net loss of KRW 40.4 billion. The transaction is expected to complete on September 17, 2019. Anse Accounting Firm acted as external evaluation body in the transaction.
Woojin Invest Private Equity Limited Partnership cancelled the acquisition of additional 8.06% stake in Sambu Engineering & Construction Co., Ltd (KOSE:A001470) from Hyulim ROBOT Co.,Ltd. (KOSDAQ:A090710) on September 17, 2020.
Hyulim ROBOT Co.,Ltd., formerly DST ROBOT Co., Ltd., is a Korea-based company principally engaged in the manufacture of industrial robots. The Companyâs products consist of industrial robots, such as desktop robots, selective compliance assembly robot arm (SCARA) robots, vertically articulated robots, wafer transfer robots (WTRs) and liquid crystal display (LCD) transfer robots (LTRs), as well as service robots, such as such as guide robots, home security robots public service robots, pet robots and others. The Company distributes its products within domestic market and to overseas markets.
Woojin Invest Private Equity Limited Partnership cancelled the acquisition of additional 8.06% stake in Sambu Engineering & Construction Co., Ltd from Hyulim ROBOT Co.,Ltd..
HYULIM ROBOT CO.,LTD. 
