Y-Entec Co., Ltd. cancelled the acquisition of BS Shipping Co.,Ltd.
June 20, 2017
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Y-Entec Co., Ltd. (KOSDAQ:A067900) agreed to acquire BS Shipping Co.,Ltd for KRW 7.5 billion on June 21, 2016. Y-Entec will acquire 1.42 million shares of BS Shipping. BS Shipping reported total assets of KRW 38.2 billion, total capital of KRW 6.9 billion, sales of KRW 21.6 billion and net profit of KRW 2.02 billion as of December 31, 2015. The deal is expected to close by July 1, 2016.
Y-Entec Co., Ltd. (KOSDAQ:A067900) cancelled the acquisition of BS Shipping Co.,Ltd on June 21, 2017.
Y-ENTEC CO., LTD is a Korea-based company mainly engaged in the provision of waste treatment services. The Company operates in four business divisions: service division, which involves in the sewage treatment, waste treatment and environmental recovery services and waste heat wholesale services, as well as the operation of public golf courses; construction division, which provides civil engineering construction works; manufacturing division, which manufactures ready mixed concretes (Remicons), as well as wholesale and retail division, which distributes artworks.
Y-ENTEC CO., LTD. 
