Seoyeon Co., Ltd. (KOSE:A007860) agreed to acquire Jisansoft Co., Ltd. on December 5, 2016. Post-acquisition, the subsidiaries of Seoyeon Co., Ltd. increased from 6 to 7. In recent business financial year, Jisansoft Co., Ltd. had KRW 2 billion and total shareholders' equity of KRW 1.3 billion. On December 5, 2016, the transaction was resolved by the Board of Directors of Seoyeon Co., Ltd.
Seoyeon Co., Ltd. (KOSE:A007860) completed the acquisition of Jisansoft Co., Ltd. on December 12, 2016.
Seoyon Co Ltd is a Korea-based company principally engaged in the manufacture and sale of automobile interior parts and accessories. The Company is principally engaged in the manufacture and sale of automotive accessories and other automotive parts such as door trims, consoles, bumper, head linings, commercial vehicle seats as well as others. In addition, the Company is engaged in the manufacture and sale of molds and heavy equipment such as press molds, injection molds and heavy equipment cabins. The Company distributes its products within domestic market and to overseas markets, including Europe, China, India and others.