PNCGLOBAL. CO. KR completed the acquisition of 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd..
July 30, 2015
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PNCGLOBAL. CO. KR entered into a contract to acquire 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) for KRW 13.4 billion on July 17, 2015. Under the terms of the transaction, Daekyung Machinery & Engineering will sell 0.08 million shares of PT Digi Indonesia. For the year ended December 31, 2014, P.T. Daekyung Indah Heavy Industry had total assets of KRW 27774 million. The Board of Daekyung Machinery & Engineering passed a resolution for the transaction on July 17, 2015. The deal is expected to complete on July 31, 2015.
PNCGLOBAL. CO. KR completed the acquisition of 98.99% stake in P.T. Daekyung Indah Heavy Industry from Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) on July 31, 2015.
KIB Plug Energy Co Ltd, formerly Curo Co Ltd is a Korea-based company mainly engaged in the manufacture of chemical equipment. The Chemical Equipment segment is principally engaged in the provision of heat exchangers, pressure vessels. In addition, the Company is engaged in the provision of tower. The Company's chemical equipment is mainly used for fluid cooling and heating, raw material mixers, classification and extraction, among others. The Company sells its products in domestic and overseas markets.