Bearing PEA Selected as Preferred Negotiation Partner for Acquisition of PI Advanced Materials
[Asia Economy Reporter Lee Myunghwan] PI Advanced Materials announced on the 7th regarding the selection of the preferred negotiation partner for the sale of shares by the largest shareholder, stating, "After confirming the progress with the company's largest shareholder, we received a response that Bearing Private Equity Asia has been selected as the preferred negotiation partner and discussions on major contract terms will be conducted."
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They added, "We also received a response that the disposal amount and the scheduled disposal date are still undecided," and "If specific details are finalized during the transaction process, we will disclose them in accordance with relevant laws and regulations regarding disclosures."
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