CodeNature Acquires Electric Vehicle Bearing Cage Company Heoneus ENG for 6 Billion KRW
[Asia Economy Reporter Myunghwan Lee] Codenature announced on the 18th that it has decided to acquire Hunners ENG, a manufacturer of electric vehicle bearing cages, for the purpose of entering new businesses and diversifying its operations.
According to this decision, Codenature will acquire 1.1 million shares of Hunners ENG for 6 billion KRW. After the acquisition, the shareholding ratio will be 100%. The acquisition amount corresponds to 16.1% of Codenature's total assets.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Sold Everything Fearing Bankruptcy, Then It Soared 3,900 Times: How a Stock Once Feared for Delisting Became an AI Powerhouse"
- "All Major Corporations Could Leave"... Business Community Fears Overseas Factory Relocation Due to Strike Risks
- Guri Apartment Transactions Soar Fourfold Amid Seoul Regulations... Gyeonggi and Incheon Up 33% [Real Estate AtoZ]
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
The transaction payment will be made by paying 300 million KRW in cash and 5.7 billion KRW in convertible bonds. The scheduled acquisition date is the 26th of this month.
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
