IS Amber I, Ltd. completed the acquisition of 10.2% stake in INSUN Environmental New Technology Co., Ltd. from Jong Taek Oh and Ki-Ja Kim.
December 20, 2017
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E&F Amber PEF No. 2 signed a contract to acquire 10.2% stake in INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) from Jong Taek Oh and Ki-Ja Kim for KRW 36.2 billion on December 8, 2017. Under the transaction, E&F Amber PEF No. 2 will acquire 1.84 million and 1.81 million shares from Jong Taek Oh and Ki-Ja Kim respectively at KRW 9,900 per share. As of December 19, 2017, the buyer was changed from E&F Amber PEF No. 2 to IS Amber I, Ltd. As per the change in buyer position, IS Amber I, Ltd. will acquire 3.7 million shares in INSUN Environmental New Technology Co., Ltd.
IS Amber I, Ltd. completed the acquisition of 10.2% stake in INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) from Jong Taek Oh and Ki-Ja Kim on December 21, 2017
INSUN Environmental New Technology Co., Ltd. is a Korea-based company engaged in the environmental engineering business. The Company's principal activities include intermediate treatment of construction waste, reclamation and incineration of waste, the demolition of scaffoldings and structures, the production of recycled aggregates from construction waste; the distribution of diesel oil and gasoline, as well as vehicle disassembly and recycling. It also engages in the cold-mix recycled asphalt concrete production, incineration, asbestos waste management, new and renewable energy and landfilling businesses. On March 28, 2014, the Company completed the establishment of two wholly-owned subsidiaries namely Insung Industry Co., Ltd and INSUNMOTORS.
INSUN ENVIRONMENTAL NEW TECHNOLOGY CO., LTD. 
