Nuriplan Co., Ltd. completed the acquisition of UNISON eTech Co., Ltd. from HPEIK VI SGPS Lda.
August 08, 2019
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Nuriplan Co., Ltd. (KOSDAQ:A069140) agreed to acquire UNISON eTech Co., Ltd. from HPEIK VI SGPS Lda. for KRW 26 billion on July 25, 2019. As per terms, all 5.4 million shares will be acquired in cash. The consideration will be paid in three installments, KRW 50 billion on July 25, 2019, KRW 5.2 billion in between and KRW 15.6 billion on August 16, 2019. The consideration will be self-funded. The Board of Directors of Nuriplan Co., Ltd. resolved the deal on July 25, 2019. The deal is expected to close on August 16, 2019. Woori Accounting Corporation acted as external evaluator.
Nuriplan Co., Ltd. (KOSDAQ:A069140) completed the acquisition of UNISON eTech Co., Ltd. from HPEIK VI SGPS Lda. on August 9, 2019. Sang-Soo Yoo and Bill Hoi-Rim Lee of PricewaterhouseCoopers Korea acted as financial advisor to HPEIK VI SGPS Lda.
Nuriplan Co., Ltd. is a Korea-based company mainly engaged in the landscape lighting and landscape facility businesses. The Company manufactures landscape lighting products including light-emitting diode (LED) lighting and speakers; landscape facilities such as soundproof walls, fences, handrails and others. The Company also provides construction work such as sidewalk overpass installation and lighting installation. In addition, the Company offers design services consisting of landscape lighting design, landscape facility design, among others.