CUROCOM.Co.Ltd. agreed to acquire 40.8% stake in Daekyung Machinery & Engineering Co., Ltd. from Q Capital Partners Co., Ltd. for KRW 25.9 billion.
July 04, 2017
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CUROCOM.Co.Ltd. (KOSDAQ:A040350) agreed to acquire 40.8% stake in Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) from NPS 07-1 Corporate Restructuring Fund QCP 12 fund managed by Q Capital Partners Co., Ltd. (KOSDAQ:A016600) for KRW 25.9 billion on July 5, 2017. As per terms, CUROCOM.Co.Ltd. acquired 37 million shares. The Board of Directors of CUROCOM.Co.Ltd. resolved the deal on July 5, 2017. The deal is expected to close on July 5, 2017. Jung Dong Accounting Corporation acted as external rating institution.
CUROCOM.Co.Ltd. (KOSDAQ:A040350) completed the acquisition of 40.8% stake in Daekyung Machinery & Engineering Co., Ltd. (KOSE:A015590) from NPS 07-1 Corporate Restructuring Fund QCP 12 fund managed by Q Capital Partners Co., Ltd. (KOSDAQ:A016600) on July 5, 2017.
Q Capital Partners Co., Ltd. is a Korea-based company mainly engaged in the venture investment business and provision of financial related services. The Company is involved in the venture investment business, which provides the investment and financing services for new technology operators; corporate restructuring business, which provides the investment, acquisition and normalization of financially distressed companies; mergers and acquisitions (M&A), which provides strategy to motivate and promote business expansions, as well as investment fund business, which maintains operational stability of funds and manages investment risks. On March 17, 2014, the Company announced that it sold entire shares of Onse Telecom Corp.
Q CAPITAL PARTNERS CO., LTD. 
