Tae Kyung Chemical Co. Ltd. acquired 25% stake in SB Chemical Co., Ltd. for KRW 5.1 billion.
December 23, 2015 at 04:00 am
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Tae Kyung Chemical Co. Ltd. (KOSE:A006890) acquired 25% stake in SB Chemical Co., Ltd. for KRW 5.1 billion in cash on December 23, 2015. Tae Kyung Chemical acquired 0.08 million shares in SB Chemical Co., Ltd. As of December 31, 2014, SB Chemical Co., Ltd. reported total assets of KRW 61.1 billion, total capital of KRW 21.83 billion, sales of KRW 78.87 billion and net profit of KRW 1.98 billion. Ernst & Young Han Young acted as accountant in the deal.
Tae Kyung Chemical Co. Ltd. (KOSE:A006890) completed the acquisition of 25% stake in SB Chemical Co., Ltd. on December 23, 2015.
TAEKYUNG CHEMICAL CO., LTD. is a Korea-based company engaged in manufacture of liquid and solid carbon dioxides, magnesium hydroxides, liquid calcium hydroxides and others. The Company operates in two segments: carbon dioxide and environment. Its carbon dioxide segment is engaged in the manufacture of liquid carbon dioxides and solid carbon dioxides used for beers, carbonated drinks, refrigerants, antioxidants and welding materials, and general gases such as ethylene, nitrogen, oxygen and others used for emulsifying agents, shielding gases, heat treatment gases and others. It also involves in the manufacture of high pressure gases, mixture gases and special gases through its affiliate. Its environment segment produces magnesium hydroxides, liquid calcium hydroxides and others used for exhaust gas desulfurization and waste water treatment decontaminants.
TAEKYUNG CHEMICAL CO., LTD. 
